U.S. Markets open in 1 hr 3 mins

NGP Captial Resources increases dividend to 16c

NGP Capital Resources announced that its Board of Directors has declared a quarterly dividend to stockholders in the amount of 16c per common share. The expected dividend payment date is October 8 to stockholders of record on September 28. "This marks a 23% increase from the dividend declared in the second quarter of 2012," the company's CEO said. Management expects that the dividend will be paid out of ordinary income for tax purposes. The company also announced portfolio activity and developments involving a number of portfolio investments, including ATP Oil & Gas Corporation, Everest Acquisition, and a new investment in Midstates Petroleum Company.