Dividend Growth of Tallgrass Energy Partners, LP(TEP)

Tallgrass Energy Partners, LP(TEP) is having a Dividend Yield of 6.25% with the Annual cash Dividend per share of $2.9. The last quarter cash dividend per share pay out was $0.8. Tallgrass Energy Partners, LP has a 5 year average dividend yield of 4.51% and the stock has a Indicated annual dividend of $3.26. Tallgrass Energy Partners, LP(TEP) formally announced its most recent dividend on January 24, 2017 with a Dividend per share of $0.82. The new indicated annual dividend based on announced dividend per share is $3.26. The dividend yield based on the forward looking indicated annual dividend is 6.25%. Tallgrass Energy Partners, LP(TEP) has the most recent dividend payout ratio of 1.45 with a 5-year average payout ratio of 1.32. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.13. The 5 year historical dividend growth of Tallgrass Energy Partners, LP(TEP) is at the rate of 78.69% while the R-Squared dividend growth is 0.61. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Tallgrass Energy Partners, LP (NYSE:TEP) rose 2.42% or 1.26 points on Thursday and made its way into the gainers of the day. After trading began at $52.74 the stock was seen hitting $54.91 as a peak level and $52.5 as the lowest level. The stock ended up at $53.41. The daily volume was measured at 727,164 shares. The 52-week high of the share price is $54.91 and the 52-week low is $27.51. The company has a market cap of $3,852 million. Shares of Tallgrass Energy Partners, LP rose by 3.47% in the last five trading days and 11.62% for the last 4 weeks. Tallgrass Energy Partners, LP is up 15.59% in the last 3-month period. Year-to-Date the stock performance stands at 14.45%.

Institutional Investors own 60.74% of Tallgrass Energy Partners, LP shares. Company has reported several Insider transactions to the SEC, on May 27, 2016, David G Jr Dehaemers (CEO) purchased 7,500 shares at 43.45 per share price.On Jan 5, 2016, Equity, Llc Tallgrass (10% owner) purchased 2.0E7 shares at 47.68 per share price.On Jan 5, 2016, Energy Holdings, Llc Tallgrass (10% owner) sold 2.0E7 shares at 47.68 per share price.

Tallgrass Energy Partners LP Last issued its quarterly earnings results on Feb 15, 2017. The company reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.07. Analyst had a consensus of $0.58. The company had revenue of $160.60 million for the quarter, compared to analysts expectations of $159.08 million. The companys revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Tallgrass Energy Partners, L.P. owns, operates, acquires and develops midstream energy assets primarily in North America. It provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through pipelines and natural gas processing assets. Tallgrass Energy Partners, LP is based in Overland Park, Kansas.

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