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Tallgrass Energy GP, LP (TEGP) will raise its quarterly distribution by 32.7 percent to $0.4875 per Class A share. This marks the second increase in 2018 and translates into a new yield of 10.6%.

It is TEGP’s 11th consecutive increase since its May 2015 initial public offering. The new distribution will be paid on May 15, 2018 to unitholders of record on April 30, 2018.

Tallgrass Energy is a family of companies that includes publicly traded partnerships Tallgrass Energy Partners, LP (TEP) and Tallgrass Energy GP, LP (TEGP), and privately held Tallgrass Development, LP. Tallgrass is a growth-oriented midstream energy operator with transportation, storage, terminal and processing assets that serve crude oil and natural gas basins.