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Altus Midstream Declares Cash Dividend on Class A Common Shares

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Rhea-AI Summary

Altus Midstream Company (Nasdaq: ALTM) has announced a cash dividend of $1.50 per Class A common share. This dividend is payable on Sept. 30, 2021, to stockholders on record as of Aug. 27, 2021. Altus is known for its midstream services, focusing on the Delaware Basin and owning interests in various pipelines.

Positive
  • Dividend of $1.50 per share signifies strong cash flow and returns for shareholders.
  • Demonstrates company stability and commitment to shareholder value.
Negative
  • None.

HOUSTON, Aug. 03, 2021 (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 Sept. 30, 2021, to stockholders of record on Aug. 27, 2021, at a rate of $1.50 per share.

About Altus Midstream Company

Altus Midstream Company is a pure-play, Permian-to-Gulf Coast midstream C-corporation. Through its consolidated subsidiaries, Altus owns gas gathering, processing and transmission assets servicing production in the Delaware Basin and owns equity interests in four Permian-to-Gulf Coast pipelines. Altus posts announcements, operational updates, investor information and press releases on its website, www.altusmidstream.com.

Contacts

Media:(713) 296-7276  Alexandra Franceschi
Investors:  (281) 302-2286 Patrick Cassidy 
Websites:www.altusmidstream.com 


FAQ

What is the dividend amount for Altus Midstream (ALTM)?

The dividend amount is $1.50 per share.

When is the dividend payment date for ALTM?

The dividend is payable on Sept. 30, 2021.

What is the record date for the ALTM dividend?

The record date for the dividend is Aug. 27, 2021.

How often does Altus Midstream pay dividends?

The press release does not specify the frequency of dividend payments.

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