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



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)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

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, 5/26/2016 2:49:10 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 Moments ago Sponsored by:
DOW 17,832.85 -18.66 -0.10%
S&P 500 2,090.98 0.44 0.02%
NASD 4,904.34 9.45 0.19%

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

5/26/2016 2:33 PM
NGL $14.13 Up +0.04 +0.27%