Altus Midstream Declares Cash Dividend on Class A Common Shares
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.
News Market Reaction – ALTM
On the day this news was published, ALTM gained 1.28%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 |
FAQ
What is the dividend amount for ALTM?
When is the dividend payment date for ALTM?
Who is eligible to receive the ALTM dividend?
What is the total dividend declared for ALTM in 2021?
