Tallgrass Energy LP (TGE) will raise its quarterly distribution by 2.0 percent to $0.52 per Class A share. 

The dividend will be paid on Thursday, February 14, 2019, to shareholders of record as of the close of business on Thursday, January 31, 2019.

The board of directors of TGE’s general partner declared a quarterly cash dividend of $0.5200 per Class A share for the fourth quarter of 2018, or $2.08 on an annualized basis. This represents a 2.0 percent sequential increase from the third quarter 2018 dividend of $0.5100 per Class A share and an increase of 41.5 percent from the fourth quarter 2017 dividend of $0.3675 per Class A share. It is TGE’s 14(th) consecutive increase since its May 2015 IPO.

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.