Sanchez Midstream Partners LP Declares Quarterly Dividend of $0.15 (SNMP)

Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) announced a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Shareholders of record on Wednesday, May 22nd will be given a dividend of 0.15 per share by the basic materials company on Friday, May 31st. This represents a $0.60 annualized dividend and a yield of 28.17%. The ex-dividend date of this dividend is Tuesday, May 21st.

Sanchez Midstream Partners stock traded up $0.03 during mid-day trading on Thursday, reaching $2.13. The company’s stock had a trading volume of 27,859 shares, compared to its average volume of 84,290. Sanchez Midstream Partners has a 12 month low of $1.27 and a 12 month high of $12.34.

Sanchez Midstream Partners (NYSEAMERICAN:SNMP) last posted its earnings results on Thursday, May 9th. The basic materials company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.12). The firm had revenue of $17.49 million for the quarter.

Separately, TheStreet cut shares of Sanchez Midstream Partners from a “c-” rating to a “d” rating in a research report on Friday, May 17th.

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Sanchez Midstream Partners Company Profile

Sanchez Midstream Partners LP engages in the acquisition, development, ownership, and operation of midstream and other energy-related assets in the United States. It operates in two segments, Midstream and Production. The Midstream segment engages in gathering, processing, and transporting natural gas, NGLs, and oil.

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Dividend History for Sanchez Midstream Partners (NYSEAMERICAN:SNMP)

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