Steel Partners declares one-time special dividend of 15c per unit
Steel Partners Holdings LP announced that its board of directors has declared a special, one-time cash dividend of 15c per unit, payable January 13, 2017, to unitholders of record as of January 3, 2017. Any future determination to declare dividends on its common units will remain at the discretion of Steel Partners' board of directors and will be dependent upon a number of factors, including the company's results of operations, cash flows, financial position and capital requirements, among others. The dividend declaration follows the previously reported approval by the board of directors of the general partner of Steel Partners for the repurchase of up to 2M of the company's common units as part of a new unit repurchase program. The program supersedes and cancels all previously approved repurchase programs.