Kansas City midstream company, Tallgrass Energy, LP announced a quarterly dividend of 54 cents a share. The board of directors declared the dividend for Class A shares for the second quarter of 2019 or $2.16 on an annualized basis.
The dividend will be paid Wednesday, Aug. 14 to shareholders of record as of the close of business on Wednesday, July 31. It also represents a 1.9 percent sequential increase from the first quarter 2019 dividend of 53 cents a share and an increase of 8.5 percent from the second quarter dividend of 2018.
Tallgrass is preparing to release its second quarter 2019 financial results on Thursday, July 25, 2019 and hold a conference call at 3:30 p.m. Central Time on the same day.
First quarter net income totaled $50,587,000 as the company closed the nearly $52 million purchase of nearly 92 percent interest in Central Environmental Services, a water services provider in the Marcellus and Utica plays.