NGL Energy Partners (NGL) Declares $0.39 Quarterly Dividend; Plans to Grow Distributions
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NGL Energy Partners Announces Quarterly Cash Distribution and Provides Distribution Guidance
January 19, 2017 5:11 PM ESTTULSA, Okla.--(BUSINESS WIRE)-- NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended December 31, 2016. This cash distribution is payable on February 14, 2017 to common unitholders of record at the close of business on February 3, 2017.
This is the fourth and final quarter of the temporary distribution reduction we announced last April, stated Mike Krimbill, CEO of NGL. Looking forward to the next four quarters and beyond, our... More
