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Tallgrass Energy Partners LP (NYSE:TEP)’s share price reached a new 52-week high during mid-day trading on Wednesday , Stock Ratings Network.com reports. The stock traded as high as $28.09 and last traded at $27.99, with a volume of 18,931 shares changing hands. The stock had previously closed at $27.73.

The stock has a 50-day moving average of $26.16 and a 200-day moving average of $24.38. The company’s market cap is $1.114 billion.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 12th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Wednesday, January 29th. This is a positive change from Tallgrass Energy Partners LP’s previous quarterly dividend of $0.30.

Tallgrass Energy Partners, LP is a limited partnership company. It provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through its Tallgrass Interstate Gas transportation system and processing services for customers in Wyoming through its Midstream Facilities.

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