Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

5

NGL Energy Partners Increases Dividend

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

NGL Energy Partners (NYSE: NGL  ) has lifted its quarterly dividend, with plans to disburse $0.4625 per unit, which will be paid on Feb. 14 to holders of record as of the end of Feb. 4. The increase is slightly more than $0.01 over the company's previous payout, which occurred last October.

Since its IPO in May 2011, the limited partnership has paid a dividend every quarter. In addition, that distribution has increased consistently. The current one is nearly $0.30 higher than NGL's initial dividend, paid in August 2011.

The company will probably continue with those increases. It quoted CEO H. Michael Krimbill as saying that "as a result of NGL's continued acquisition activity generating higher earnings and distributable cash flow, a slate of organic asset growth projects, plus very strong distribution coverage, we are targeting distribution growth for calendar 2013 in the range of 12%-15%."


Read/Post Comments (0) | Recommend This Article (5)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2216808, ~/Articles/ArticleHandler.aspx, 9/27/2016 11:35:17 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 4:02 PM
NGL $18.38 Down -0.35 -1.87%
NGL Energy Partner… CAPS Rating: ****