Kansas City-based Tallgrass Energy Partners LP and Tallgrass Energy GP, LP will make their quarterly distributions for the fourth quarter of 2017 in February.
They will be made Wednesday, Feb. 14, 2018 to unitholders and shareholders of record as of the close of business on Wednesday, Jan. 31, 2018.
The board of directors of TEP’s general partner declared a quarterly cash distribution of $0.965 per common unit for the fourth quarter of 2017, or $3.86 on an annualized basis. This represents a sequential increase of 2.1 percent from the third quarter 2017 distribution of $0.945 per common unit and an increase of 18.4 percent from the fourth quarter 2016 distribution of $0.815 per common unit. It is TEP’s 18th consecutive increase since its May 2013 IPO.