NGL Dividend Dates 2023

Company Description

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions.

The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.

The Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and transportation services through pipelines.

The Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 24 terminals, third-party storage and terminal facilities, and nine common carrier pipelines, as well as through fleet of leased railcars.

This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia. NGL Energy Holdings LLC serves as the general partner of the company.

The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.

For a company founded more than 50 years ago is considered to be fairly old in the share market. NGL Energy Partners LP has 842 employees. For more information about this company, please visit their website.

Analysis

We believe using more recent dividend history can provide better dividend analysis for a company.

The most recent NGL dividend details are as follows:
The dividend will be payable on NOV 13, 2020, to stockholders of record on NOV 06, 2020, with an ex-dividend date of NOV 05, 2020. This dividend is $0.100.
This is a 50.00% decrease from the prior dividend of $0.200.

NGL has paid no dividend in the past year.Based on our analysis, from JAN 31, 2013, NGL pays dividend 32 times.
Total dividend paid so far is $14.12. Average dividend is $0.44.
Maximum dividend is $0.64 while minimum dividend is $0.10.

Dividend Forecast

According to recent data, over last 9 years, NGL pays dividend consistently 32 times. In terms of dividend payment consistency, we rate it ten out of ten, which means the future dividend payment is fairly predictable and reliable. If investors are looking for dividend stocks, this could be one of the good indicators. On the other hand, frequent dividend payment during the year means investors don’t need to wait for too long to get dividend payment. It is good for someone lives on stock dividends as a source of income.

Compared with other stocks

Another way to look at a stock’s dividend is to compare it to a peer company’s dividend. If two stocks are in the same industry and have a similar market capitalisation, then they are considered similar.

Code MarketCap(M) Last Dividend
NVS 185,260 $3.325
KTB 1,850 $0.480
NGL 186 $0.100
ALLK 185 $0.000
JCSE 186 $0.000
SSU 1,850 $0.000
SCOR 185 $0.000
MLP 185 $0.000

As can be seen from the comparison table above, NGL ranks number three in this group of eight stocks with the latest dividend of $0.100.

Dividend History

Ex-Dividend Date Dividend Payment Date Record Date
05/11/2020 $0.1 13/11/2020 06/11/2020
05/08/2020 $0.2 14/08/2020 06/08/2020
06/05/2020 $0.2 15/05/2020 07/05/2020
06/02/2020 $0.39 14/02/2020 07/02/2020
06/11/2019 $0.39 14/11/2019 07/11/2019
06/08/2019 $0.39 14/08/2019 07/08/2019
06/05/2019 $0.39 15/05/2019 07/05/2019
05/02/2019 $0.39 14/02/2019 06/02/2019
07/11/2018 $0.39 14/11/2018 08/11/2018
07/08/2018 $0.39 14/08/2018 08/08/2018
04/05/2018 $0.39 15/05/2018 07/05/2018
05/02/2018 $0.39 14/02/2018 06/02/2018
03/11/2017 $0.39 14/11/2017 06/11/2017
02/08/2017 $0.39 14/08/2017 04/08/2017
04/05/2017 $0.39 15/05/2017 08/05/2017
01/02/2017 $0.39
02/11/2016 $0.39 14/11/2016 04/11/2016
02/08/2016 $0.39 12/08/2016 04/08/2016
29/04/2016 $0.39 13/05/2016 03/05/2016
01/02/2016 $0.64
30/10/2015 $0.64 13/11/2015 03/11/2015
30/07/2015 $0.633 14/08/2015 03/08/2015
01/05/2015 $0.625
04/02/2015 $0.618 13/02/2015 06/02/2015
31/10/2014 $0.609 14/11/2014 04/11/2014

NGL Dividend Growth Chart

A picture is better than thousands of words. The following chart shows you NGL dividend growth over the years.