Tallgrass Energy LP (Tallgrass Energy LP) 5-Year Dividend Growth Rate : 0.00% (As of Dec. 2019)

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What is Tallgrass Energy LP 5-Year Dividend Growth Rate?

Tallgrass Energy LP's Dividends per Share for the three months ended in Dec. 2019 was $0.55.

During the past 12 months, Tallgrass Energy LP's average Dividends Per Share Growth Rate was 14.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 33.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Tallgrass Energy LP was 104.70% per year. The lowest was 0.00% per year. And the median was 16.95% per year.

Tallgrass Energy LP's Dividend Payout Ratio for the three months ended in Dec. 2019 was 1.83. As of today, Tallgrass Energy LP's Dividend Yield % is 7.24%.

Warning Sign:

If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tallgrass Energy LP is 1.51, which seems too high.

Warning Sign:

Tallgrass Energy LP stock dividend yield is close to 1-year low.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison of Tallgrass Energy LP's 5-Year Dividend Growth Rate

For the Oil & Gas Midstream subindustry, Tallgrass Energy LP's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tallgrass Energy LP's 5-Year Dividend Growth Rate Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tallgrass Energy LP's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Tallgrass Energy LP's 5-Year Dividend Growth Rate falls into.

Tallgrass Energy LP 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Tallgrass Energy LP (NYSE:TGE) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Tallgrass Energy LP's Dividend Payout Ratio for the quarter that ended in Dec. 2019 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2019 )	/	EPS without NRI (Q: Dec. 2019 )
	=	0.55	/	0.3
	=	1.83

During the past 7 years, the highest Dividend Payout Ratio of Tallgrass Energy LP was 1.62. The lowest was 0.43. And the median was 1.49.

Warning Sign:

If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tallgrass Energy LP is 1.51, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

During the past 7 years, the highest Dividend Yield of Tallgrass Energy LP was 15.18%. The lowest was 0.26%. And the median was 5.05%.

Warning Sign:

Tallgrass Energy LP stock dividend yield is close to 1-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tallgrass Energy LP 5-Year Dividend Growth Rate Related Terms

Thank you for viewing the detailed overview of Tallgrass Energy LP's 5-Year Dividend Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Tallgrass Energy LP (Tallgrass Energy LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tallgrass Energy LP (NYSE:TGE) » Definitions » 5-Year Dividend Growth Rate

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 West 115th Street, Suite 350, Leawood, KS, USA, 66211

Website

https://www.tallgrassenergy.com

Tallgrass Energy LP is a corporate entity created after the acquisition of Tallgrass Energy Partners (the LP) by its GP in June 2018. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (the REX and Pony Express lines, for example). The entity focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Blackstone Investment Partners acquired the Tallgrass GP and 44% of the limited partnership in early 2019.

Executives

Guy G. Buckley	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Bia Gp L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Gic Private Ltd	10 percent owner	168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
William R. Moler	director, officer: See Remarks	4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Gic Special Investments Pte Ltd	10 percent owner	168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Blackstone Infrastructure Associates L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Bia Gp L.l.c.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Bip Holdings Manager L.l.c.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Thomas A Gerke	director	GERKE THOMAS A, OVERLAND PARK KS 66251
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Group Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154