NGL Energy Partners (NGL) Raises Quarterly Dividend 1.2% to $0.640; 13.7% Yield

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Go back to NGL Energy Partners (NGL) Raises Quarterly Dividend 1.2% to $0.640; 13.7% Yield

NGL Energy Partners Announces Increased Quarterly Cash Distribution

October 22, 2015 3:54 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 $0.640 per unit ($2.56 on an annualized basis) for the quarter ended September 30, 2015.

This distribution represents a 5.1% increase over the distribution paid for the same quarter a year ago. This distribution is payable on November 13, 2015 to unitholders of record entitled to receive the distribution at the close of business on November 3, 2015. This is the sixteenth consecutive quarter NGL has increased its cash distribution since its public offering in May 2011.... More