Tallgrass Energy, LP, the Kansas City-based pipeline company that carries oil throughout the Midwest including to the oil hub at Cushing, Oklahoma has announced a quarterly dividend.
The dividend of 52 cents a share was declared for the fourth quarter by the board of directors. It translates into an annualized rate of $2.08 per share and will be paid Thursday, Feb. 14 to shareholders of record as of the close of business on Thursday, Jan. 31, 2019.
The fourth quarter dividend of 52 cents compares to the third quarter 2018 dividend of 51 cents. It is also a nearly 42 percent increase over the fourth quarter 2017 dividend of 37 cents a share.
Tallgrass plans to report fourth quarter 2018 financial results and release 2019 financial guidance on Thursday, January 31, 2019, and hold a conference call at 3:30 p.m. Central Time that same day.