Tallgrass Energy LP increased its dividend for the third quarter to 51 cents per share, up 1.25 cents, or 2.5%, from the previous quarter.

The dividend represents an increase of 15.5 cents, or 44%, year over year. The dividend is payable Nov. 14 to common shareholders of record as of Oct. 31.

Tallgrass Energy operates transportation, storage, gathering, processing and other midstream assets in U.S. crude oil and natural gas basins.