Antero Midstream Partners LP Announces Sixth Consecutive Distribution Hike Income Investors 2016-07-18 11:06:07 Antero Midstream Partners NYSE:AM Antero Midstream Partners LP (NYSE:AM) increases quarterly distribution to $0.25 per share. Dividend Stocks

Antero Midstream Partners LP Announces Sixth Consecutive Distribution Hike

New York, NY — For the sixth consecutive quarter, Antero Midstream Partners LP (NYSE:AM) has elected to slightly raise its distribution.

On Thursday, the partnership declared a payout of $0.25 per unit, to be paid on August 24 to stockholders of record as of August 10. The increase represents a 32% hike compared to the prior year quarter and a six percent increase sequentially. Following the announcement, Antero units closed the trading session up 0.5%. (Source: “Antero Midstream Announces Increased Quarterly Distribution and Second Quarter 2016 Operations Update,” Antero Investor Relations, July 14, 2016.)

According to the firm’s press release, the payment will represent Antero’s seventh consecutive quarterly distribution. With the modest payout hike, the partnership’s payout will increase to $1.00 per unit annually, which yields 3.7% based on Antero’s most recent closing unit price of $26.93.

Please wait...

Sign up to receive our FREE Income Investors newsletter along with our special offers and get our FREE report:

5 Dividend Stocks to Own Forever

This is an entirely free service. No credit card required. You can opt-out at anytime.

We hate spam as much as you do.
Check out our privacy policy.