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.
NGL Energy Partners increases quarterly cash distribution 7.4% to 63.25c NGL Energy Partners declared a quarterly distribution of 63.25c per unit, a 7.4% increase over the distribution paid for the same quarter a year ago. This distribution is payable on August 14 to unitholders of record entitled to receive the distribution at the close of business on August 3.