Altus Midstream Company (ALTM) Initiates $1.50 Quarterly Dividend; 14% Yield
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Altus Midstream Initiates Cash Dividend on Common Shares
December 10, 2020 8:44 AM ESTDeclares $1.50 per share quarterly dividend for annualized rate of $6 per share
HOUSTON, Dec. 10, 2020 (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 March 31, 2021, to stockholders of record on Feb. 26, 2021, at a rate of $1.50 per share, which represents the first dividend on common shares since Altus Midstream was formed in 2018.
Given our healthy balance sheet and plan to... More
