NGL Energy Reveals Quarterly Cash Distribution For Class B, Class C, And Class D Preferred Units; Each Of Class B Preferred Units Will Receive $0.7820 And Each Of Class C Preferred Units Will Receive $0.7926 Per Unit On July 15
Portfolio Pulse from Benzinga Newsdesk
NGL Energy Partners LP (NYSE:NGL) announced quarterly cash distributions for its Class B and Class C Preferred Units. Class B units will receive $0.7820 per unit, and Class C units will receive $0.7926 per unit on July 15, 2024.
June 21, 2024 | 10:29 am
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NGL Energy Partners LP announced quarterly cash distributions for its Class B and Class C Preferred Units, which may attract income-focused investors and potentially support the stock price.
The announcement of quarterly cash distributions is likely to attract income-focused investors, which could support or slightly boost the stock price in the short term. The specific amounts for Class B and Class C units provide clarity and predictability for investors.
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