Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) announced a quarterly dividend on Friday, February 8th, Wall Street Journal reports. Stockholders of record on Wednesday, February 20th will be paid a dividend of 0.15 per share by the basic materials company on Thursday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 18.58%. The ex-dividend date of this dividend is Tuesday, February 19th.
Shares of NYSEAMERICAN SNMP opened at $3.23 on Thursday. Sanchez Midstream Partners has a 12 month low of $1.27 and a 12 month high of $13.25.
Separately, Citigroup set a $7.00 target price on shares of Sanchez Midstream Partners and gave the company a “hold” rating in a report on Monday, November 12th.
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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