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The board of directors of TEP's general partner declared a quarterly cash distribution of $0.755 per common unit for the second quarter of 2016, or $3.02 on an annualized basis. This represents a sequential increase of 7.1 percent from the first quarter 2016 distribution of $0.705 per common unit and an increase of 30.2 percent from the second quarter 2015 distribution of $0.58 per common unit.

The board of directors of TEGP's general partner declared a quarterly cash distribution of $0.245 per Class A share for the second quarter of 2016, or $0.98 annualized basis. This represents a sequential increase of 16.7 percent from the first quarter 2016 distribution of $0.21 per Class A share and an increase of 84.2 percent from the pro forma full-quarter (non-prorated) second quarter 2015 distribution per Class A share.

CVS Health Corporation (CVS) has approved a quarterly dividend of $0.425 per share on the corporation's common stock. The dividend is payable on August 1, 2016, to holders of record on July 21, 2016.

West Pharmaceutical Services (WST) has approved a third-quarter 2016 dividend of $0.12 per share. The dividend will be paid on August 3, 2016, to shareholders of record as of July 20, 2016.

Sovran Self Storage (SSS) announced the Company's quarterly dividend of $0.95 per share of common stock. The dividend will be paid on July 26, 2016 to Shareholders of record on July 15, 2016.

UniFirst Corporation (UNF) declared regular quarterly cash dividends of $0.0375 per share on the Company's Common Stock and $0.03 per share on the Company's Class B Common Stock. Both dividends are payable on September 30, 2016, to shareholders of record on September 9, 2016.

For MarketNewsVideo.com, I'm Sayoko Murase.