SemGroup plans to pay a cash dividend in Q2 SemGroup (SEMG) announced that it expects to pay a quarterly cash dividend to common shareholders beginning in Q2. The dividend is targeted to represent a pass-through of the majority of the cash distributions received by SemGroup from its interests in Rose Rock Midstream (RRMS) and NGL Energy Partners (NGL). The dividend is expected to be based on the previous quarter's distributions received from SemGroup's interests in these master limited partnerships. Accordingly, the initial dividend, to be declared and paid in Q2, is anticipated to be based on the distributions received by SemGroup from Rose Rock Midstream and NGL Energy Partners in Q1.
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Carnival (CCL) initiated with a Buy at HSBC... Diversified Restaurant (SAUC) initiated with a Neutral at Citi... Lennox (LII) initiated with a Hold at Stifel... Lindblad Expeditions (LIND) initiated with a Buy at Citi... NetEase.com (NTES) initiated with a Buy at Goldman... Noodles & Company (NDLS) initiated with a Buy at Citi... NuStar GP Holdings (NSH) initiated with an Equal Weight at Barclays... Regal-Beloit (RBC) initiated with a Hold at Stifel... Roper Technologies (ROP) initiated with a Buy at Stifel... Ruth's Hospitality (RUTH) initiated with a Neutral at Citi... SPX FLOW (FLOW) initiated with an Equal Weight at Morgan Stanley... SemGroup (SEMG) initiated with an Overweight at Barclays... Verifone (PAY) initiated with an Overweight at Piper Jaffray... Watsco (WSO) initiated with a Buy at Stifel.