Antero Midstream Corporation (NYSE:AM) Shares Set to Pay Quarterly Dividend of $0.23

Key Points

• Antero Midstream declared a quarterly dividend of $0.225 per share, payable November 11 to shareholders of record on October 28. The dividend annualizes to $0.90 per share and represents a 4.3% yield.
• The dividend is currently supported by earnings, with an 81.8% payout ratio; analysts expect the forward payout ratio to decline to approximately 69.8% based on projected earnings of $1.29 per share.
• Antero Midstream’s latest quarterly results met expectations, with EPS of $0.27 and revenue of $327.24 million, up 7.1% year over year.

Antero Midstream Corporation (NYSE:AM - Get Free Report) announced a quarterly dividend on Wednesday, October 14th. Investors 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 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend 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 fall. Equities research 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 Stock Performance

Shares of NYSE:AM opened at $20.73 on Thursday. The business's fifty day moving average price is $21.69 and its two-hundred day moving average price is $21.86. Antero Midstream has a fifty-two week low of $16.96 and a fifty-two week high of $23.83. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 24.67 and a beta of 0.72. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $327.24 million during the quarter, compared to analyst estimates of $326.43 million. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share. As a group, analysts predict that Antero Midstream will post 1.09 EPS 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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