Tallgrass Energy LP (TGE) will raise its quarterly dividend by another 1.9 percent to $0.54 per share in 2019. Last year the dividend was hiked by a total of 43.7 percent.

The next dividend will be paid on Wednesday, August 14, 2019, to shareholders of record as of the close of business on Wednesday, July 31, 2019. A new annual rate of $2.16 yields 9.7% at a stock price of $22.19.

Tallgrass Energy, LP is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins. The company has paid a dividend every year since 2015.