Altus Midstream Declares Cash Dividend on Class A Common Shares
Altus Midstream Company (Nasdaq: ALTM) has announced a cash dividend of $1.50 per Class A common share.
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 announced a cash dividend of $1.50 per Class A common share. This dividend is payable on Sept. 30, 2021, to stockholders on record as of Aug. 27, 2021. Altus is known for its midstream services, focusing on the Delaware Basin and owning interests in various pipelines.
Positive
- Dividend of $1.50 per share signifies strong cash flow and returns for shareholders.
- Demonstrates company stability and commitment to shareholder value.
Negative
- None.
Details
News Market Reaction – ALTM
The recorded move for ALTM in the trading session of this news was -0.29%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, Aug. 03, 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 Sept. 30, 2021, to stockholders of record on Aug. 27, 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
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