Altus Midstream Declares Cash Dividend on Class A Common Shares
Altus Midstream Company (Nasdaq: ALTM) has declared a cash dividend of $1.50 per share on its Class A common shares, payable on Dec. 30, 2021, to shareholders of record by Nov. 30, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Altus Midstream Company (Nasdaq: ALTM) has declared a cash dividend of $1.50 per share on its Class A common shares, payable on Dec. 30, 2021, to shareholders of record by Nov. 30, 2021. This represents a full-year dividend of $6 per share for 2021. Altus Midstream operates as a midstream C-corporation in the Permian-to-Gulf Coast region, owning gas gathering, processing, and transmission assets along with equity interests in various pipelines.
Positive
- Declared a cash dividend of $1.50 per share, enhancing shareholder value.
- Total annual dividend for 2021 amounts to $6 per share.
Negative
- None.
Details
News Market Reaction – ALTM
The recorded move for ALTM in the trading session of this news was +1.28%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced that its board of directors has declared a cash dividend on the company’s Class A common shares.
The dividend on Class A common shares is payable Dec. 30, 2021, to stockholders of record on Nov. 30, 2021, at a rate of
About Altus Midstream Company
Altus Midstream Company is a pure-play, Permian-to-Gulf Coast midstream C-corporation. Through its consolidated subsidiaries, Altus owns gas gathering, processing and transmission assets servicing production in the Delaware Basin and owns equity interests in four Permian-to-Gulf Coast pipelines. Altus posts announcements, operational updates, investor information and press releases on its website, www.altusmidstream.com.
Contacts
| Media: | (713) 296-7276 Alexandra Franceschi | |
| Investors: | (281) 302-2286 Patrick Cassidy | |
| Websites: | www.altusmidstream.com |
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