Tallgrass Energy Partners (TEP) Raises Quarterly Dividend 7.2% to $0.52; 4.2% Yield
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Tallgrass Energy Partners Increases Quarterly Distribution for Seventh Consecutive Quarter to $0.52, a 60 Percent Increase from One Year Earlier
April 14, 2015 8:30 AM EDTLEAWOOD, Kan.--(BUSINESS WIRE)-- Tallgrass Energy Partners, LP (NYSE: TEP) announced today that the board of directors of its general partner declared a quarterly cash distribution to partners of $0.52 per common unit for the first quarter of 2015, or $2.08 on an annualized basis. This represents a 60 percent increase from the first quarter of 2014 and a 7.2 percent sequential increase from the fourth quarter 2014 distribution of $0.485. It is TEPs seventh consecutive increase since its IPO in May 2013.
The increase is consistent with TEPs plan to... More
