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Tallgrass Energy GP, LP (TEGP) will raise its quarterly distribution by 2.1 percent to $0.4975 per Class A share. This marks the third increase in 2018 and translates into a new yield of 8.7%.

The next dividend will be paid on Tuesday, August 14, 2018, to shareholders of record as of the close of business on Tuesday, July 31, 2018.

Tallgrass Energy LP, formerly Tallgrass Energy GP, LP, is a limited partnership company, which includes the operations of Tallgrass Equity, LLC (Tallgrass Equity), Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP's subsidiaries. TEP owns, operates, acquires and develops midstream energy assets in North America.