Tallgrass Energy LP declared a cash dividend for the third quarter of 55 cents per share, a 1.9% increase from its prior quarter's dividend of 54 cents per share.
The dividend, equivalent to $2.20 per share on an annualized basis, is 7.8% higher than the dividend in the year-ago quarter, according to an Oct. 10 news release. It is payable Nov. 14 to shareholders of record as of Oct. 31.
In addition, Tallgrass said there was no change to an offer from Blackstone Group Inc. arm Blackstone Infrastructure Partners to take the company private by acquiring shares the private equity firm does not already own. "The proposal continues to be reviewed, evaluated and negotiated by members of an independent conflicts committee," the company said.
Tallgrass is a midstream energy company serving crude oil and natural gas basins across 11 states.
