LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy, LP (NYSE: TGE) today announced its quarterly dividend for the third quarter of 2018. The dividend will be paid on Wednesday, November 14, 2018, to shareholders of record as of the close of business on Wednesday, October 31, 2018.
The board of directors of TGE’s general partner declared a quarterly cash dividend of $0.5100 per Class A share for the third quarter of 2018, or $2.04 on an annualized basis. This represents a 2.5 percent sequential increase from the second quarter 2018 dividend of $0.4975 per Class A share and an increase of 43.7 percent from the third quarter 2017 dividend of $0.3550 per Class A share. It is TGE’s 13th consecutive increase since its May 2015 IPO.