NGL Energy Partners (NGL) Declares $0.39 Quarterly Dividend; 13.9% Yield

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Go back to NGL Energy Partners (NGL) Declares $0.39 Quarterly Dividend; 13.9% Yield

NGL Energy Partners Announces Quarterly Distributions

January 24, 2020 6:30 AM EST

TULSA, 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, 2019. This cash distribution is payable on February 14, 2020 to common unitholders of record at the close of business on February 7, 2020.

Additionally, the Board of Directors declared a cash distribution in the required amount of $6,075,062.50, which amount represents 50% of the Class D Distribution Amount to be paid to the... More