Natural gas midstream MLP company Targa Resource Partners LP (NGLS) has put together a combination of natural gas midstream and downstream processing assets that have allowed the company to pay a steadily increasing - by 10% to 12% per year - distribution with every expectation to continue the dividend growth rate into the future. This small-cap MLP will not stay that way for long as both the units outstanding and the share price continue to increase.
Note: MLP companies such as Atlas Pipeline Partners have units and pay distributions. The words stock, shares and dividends may be used here with the understanding that the rules of MLP units apply including the tax consequences of investing in MLP...
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