Tallgrass Energy raises quarterly dividend by 2%

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Tallgrass Energy LP raised its cash dividend for the fourth quarter of 2018 to 52 cents per share, up 1.0 cents, or 2.0%, from the previous quarter.

The dividend also increased by 15.3 cents, or 41.5%, year over year, according to a Jan. 15 news release.

The dividend is payable Feb. 14 to common shareholders of record as of Jan. 31.

Tallgrass Energy is a Leawood, Kan.-based midstream energy company serving crude oil and natural gas basins across 11 states.