NGL Energy Partners in Tulsa announced Wednesday its Board of Directors declared a fourth quarterly distribution of $0.39 per unit.
The Company said it would translate into a distribution of $1.56 per unit on an annualized basis. The quarterly distribution will be payable on February 14, 2018 to those common unitholders of record at the close of business on February 6, 2018.
Additionally, the Board of Directors declared a distribution for the quarter ended December 31, 2017 to be paid to the holders of the Class A Preferred Units according to the terms outlined in NGL’s Partnership Agreement. The Class A Preferred distribution will also be paid on February 14, 2018.
Trading on Wednesday on the New York Stock Exchange showed a dime a share increase at mid-morning on company stock. NGL units traded for $17.30, an increase of 0.58 percent.