Dividend declared by NGL Energy Partners

Tulsa-based NGL Energy Partners LP  announced Monday that the Board of Directors of its general partner declared a distribution for the quarter ending March 31, 2020 to be paid to the holders of some of the Partnership’s preferred units.

The dividend will be paid to holders of the 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units  and the 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units in accordance with the terms outlined in NGL’s partnership agreement.

Each of the Class B Preferred Units quarterly distribution of $0.5625 per unit and the Class C Preferred Units quarterly distribution of $0.60156 per unit will be made on April 15, 2020 to holders of record at the close of trading on March 31, 2020 .

 

Source: NGL announcement