Antero Midstream Corporation (NYSE:AM – Get Free Report) declared a quarterly dividend on Wednesday, October 14th. Stockholders of record on Wednesday, October 28th will be paid a dividend of $0.2250 per share by the pipeline company on Wednesday, November 11th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 28th.
Antero Midstream has decreased its dividend by an average of 0.1% annually over the last three years. Antero Midstream has a dividend payout ratio of 81.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Antero Midstream to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 69.8%.
Antero Midstream Price Performance
Antero Midstream stock opened at $19.89 on Friday. The company’s fifty day moving average price is $21.66 and its 200 day moving average price is $21.83. Antero Midstream has a 1 year low of $16.96 and a 1 year high of $23.83. The stock has a market capitalization of $9.44 billion, a P/E ratio of 23.68 and a beta of 0.72. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84.
Antero Midstream (NYSE:AM – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $327.24 million during the quarter, compared to analyst estimates of $326.43 million. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, equities research analysts anticipate that Antero Midstream will post 1.09 earnings per share for the current fiscal year.
Antero Midstream Company Profile
Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production in the Appalachian Basin. The company primarily serves Antero Resources Corporation, providing the gathering and processing services needed to move production from well sites into downstream markets.
Antero Midstream’s operations include natural gas gathering, compression and processing, as well as water handling and related services.
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