NGL Energy Partners (NGL) Boosts Qtr. Dividend to 63.25c/Share; Yields 9.9%

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Go back to NGL Energy Partners (NGL) Boosts Qtr. Dividend to 63.25c/Share; Yields 9.9%

NGL Energy Partners Announces Increased Quarterly Cash Distribution

July 23, 2015 4:54 PM EDT

TULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner declared a quarterly distribution of $0.6325 per unit ($2.53 on an annualized basis) for the quarter ended June 30, 2015.

This distribution represents a 7.4% increase over the distribution paid for the same quarter a year ago. This distribution is payable on August 14, 2015 to unitholders of record entitled to receive the distribution at the close of business on August 3, 2015. This is the fifteenth consecutive quarter NGL has increased its cash distribution since its public offering in May... More