Antero Midstream's Impressive Second Quarter Dividend Announcement

Antero Midstream Declares Robust Dividend for Shareholders
Antero Midstream Corporation (NYSE: AM) recently made a significant announcement regarding its dividend distribution for their shareholders. The company has declared a cash dividend of $0.225 per share for the second quarter of this year. This marks an important moment for investors, reflecting the company's ongoing commitment to delivering consistent returns. The decision by the Board of Directors to support this dividend demonstrates Antero Midstream's solid financial foundation and positive outlook for future growth.
Return of Capital Highlights for Q2
With this recent announcement, Antero Midstream also highlighted their strategic moves during the second quarter. They successfully repurchased approximately 1.0 million shares, with an associated cost of around $16.8 million. Notably, this decision showcases their proactive approach to managing capital and enhancing shareholder value. The company's remaining share repurchase capacity was reported to be about $426 million under its $500 million authorized repurchase program, further signaling strong financial health.
Annualized Dividend Metrics
The declared dividend of $0.225 per share translates to an impressive annualized return of $0.90 per share. Shareholders can expect the dividend to be payable soon, with record stockholders as of July 23, set to benefit from this distribution on August 6. This dividend represents the 43rd consecutive quarterly payout, a testament to Antero Midstream’s reliability and stability in a dynamic market environment.
Upcoming Earnings Release Schedule
Looking ahead, Antero Midstream is preparing to release its second quarter earnings report after the close of trading on the New York Stock Exchange. This key financial release is scheduled for July 30, and there is much anticipation regarding the results. Investors and analysts alike will gain insights into the company's financial performance and operational efficiency during the quarter.
Conference Call Information
A conference call has been set for July 31 at 10:00 am MT to discuss these earnings in detail. Participants can join by calling 877-407-9126 or 201-493-6751 for international access. An interactive Q&A session will follow the earnings report, providing valuable engagement with analysts. Those unable to attend the live call will have access to a telephone replay available until August 7.
Overview of Antero Midstream
Founded as a Delaware corporation, Antero Midstream Corporation specializes in owning, operating, and developing midstream assets in the Appalachian Basin. The company offers an array of services, including gathering, compression, processing, and fractionation assets, as well as integrated water services primarily geared toward Antero Resources Corporation's needs. This integrated approach exemplifies Antero Midstream's dedication to operational excellence and its pivotal role within the energy sector.
Frequently Asked Questions
What is the latest dividend announced by Antero Midstream?
Antero Midstream has declared a dividend of $0.225 per share for the second quarter.
When will the dividend be payable?
The dividend will be payable on August 6 to stockholders of record as of July 23.
When will Antero Midstream release its earnings report?
The earnings report for the second quarter will be released on July 30 after the market closes.
What is Antero Midstream's stock ticker?
Antero Midstream trades under the ticker symbol NYSE: AM.
How can I participate in the earnings conference call?
To join the earnings conference call on July 31, dial 877-407-9126 or 201-493-6751 for international callers.
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