Summit Midstream Partners LP (NYSE:SMLP) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Thursday, November 7th will be paid a dividend of 0.287 per share by the pipeline company on Thursday, November 14th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 22.12%. The ex-dividend date is Wednesday, November 6th.
Shares of Summit Midstream Partners stock opened at $5.19 on Tuesday. The stock has a market capitalization of $407.73 million, a price-to-earnings ratio of 86.50 and a beta of 1.66. Summit Midstream Partners has a 1-year low of $4.33 and a 1-year high of $16.41. The firm has a fifty day simple moving average of $4.91 and a 200-day simple moving average of $6.48. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.68.
Summit Midstream Partners (NYSE:SMLP) last released its earnings results on Friday, August 9th. The pipeline company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.19). The company had revenue of $99.69 million for the quarter, compared to analyst estimates of $108.50 million. Summit Midstream Partners had a net margin of 13.00% and a return on equity of 12.35%. As a group, research analysts predict that Summit Midstream Partners will post 0.32 earnings per share for the current year.
About Summit Midstream Partners
Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, treating, and processing services, as well as crude oil and produced water gathering services.
Read More: What are the benefits of investing in REITs?
Receive News & Ratings for Summit Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.