EnLink Midstream (ENLC) Declares $0.1875 Quarterly Dividend; 13.1% Yield
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EnLink Midstream (ENLC) Announces FY20 Guidance, Provides Update Regarding Financial Strategy
January 15, 2020 5:05 PM ESTEnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced 2020 financial guidance, provided an update regarding its financial strategy, and declared its quarterly common unit distribution for the fourth quarter of 2019.
Highlights:
Forecasting 2020 net income of $160 million to $230 million.Forecasting adjusted EBITDA growth in 2020 compared to expected full-year 2019 adjusted EBITDA, which is projected to be in line with previously announced adjusted EBITDA guidance.Resetting quarterly common unit distribution to $0.1875 per unit for the fourth quarter of 2019, facilitating excess free cash flow generation and enhanced financial flexibility.Expecting to fully self fund... More