SemGroup Corp. (SEMG) announced that it expects to pay a quarterly cash dividend to common shareholders beginning in the second quarter of 2013.
The dividend is targeted to represent a pass-through of the majority of the cash distributions received by SemGroup from its interests in Rose Rock Midstream L.P. (RRMS) and NGL Energy Partners LP (NGL).
The dividend is expected to be based on the previous quarter's distributions received from SemGroup's interests in these master limited partnerships or MLPs.
Accordingly, the initial dividend, to be declared and paid in the second quarter of 2013, is anticipated to be based on the distributions received by SemGroup from Rose Rock Midstream and NGL Energy Partners in the first quarter of the year.
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