Antero Midstream Corporation (AM) to Distribute Quarterly Dividend of $0.23 on August 12th

Antero Midstream Corporation (NYSE:AM) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Wednesday, July 29th will be paid a dividend of 0.225 per share by the pipeline company on Wednesday, August 12th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, July 29th.

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 $1.27 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 70.9%.

Antero Midstream Stock Performance

NYSE AM opened at $22.75 on Monday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $10.80 billion, a P/E ratio of 26.45 and a beta of 0.64. Antero Midstream has a 1-year low of $16.77 and a 1-year high of $23.83. The business has a 50 day moving average price of $22.07 and a 200 day moving average price of $21.41.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The firm had revenue of $314.21 million for the quarter, compared to analyst estimates of $311.30 million. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Antero Midstream will post 1.1 EPS for the current fiscal year.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.