The $0.6922 payout on NGL.PR.C marks a 10.65% forward yield, payable to shareholders of record July 1.
NGL Energy Partners LP has declared a $0.6922 per share quarterly dividend for its 9.625% Series C preferred units. The payout equates to a 10.65% forward yield based on current trading levels.
The dividend is payable July 15 to shareholders of record as of July 1, with an ex-dividend date set for July 1. The company’s prior quarterly dividend was consistent with this level, reflecting stable payouts for preferred unit holders.
No immediate market reaction was disclosed following the announcement.