Kinetik Increases Quarterly Cash Dividend and Announces Timing of Third Quarter 2024 Financial Results
Kinetik Holdings Inc. (KNTK)
Company Research
Source: Business Wire
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced that its Board of Directors has declared an increase to its quarterly cash dividend to $0.78 per share, or $3.12 per share on an annualized basis, for the third quarter ended September 30, 2024.The announced quarterly dividend represents a 4% increase versus the prior quarterly dividend and will be paid on Thursday, November 7, 2024 to shareholders of record as of market close on Monday, October 28, 2024.“The strategic transactions closed earlier this year coupled with our business outperformance accelerated the achievement of our 3.5x leverage target and increased our confidence in the company’s outlook,” said Jamie Welch, Kinetik’s President & Chief Executive Officer. “As a result, we believe now is the appropriate time to increase the dividend and accelerate returns to our shareholders. Going forward, we remain committed to growing our business through comp
Show less
Read more
Impact Snapshot
Event Time:
KNTK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KNTK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KNTK alerts
High impacting Kinetik Holdings Inc. news events
Weekly update
A roundup of the hottest topics
KNTK
News
- What Makes Kinetik Holdings Inc. (KNTK) a Strong Momentum Stock: Buy Now? [Yahoo! Finance]Yahoo! Finance
- Kinetik Holdings Inc. (NASDAQ: KNTK) had its price target raised by analysts at Mizuho from $47.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Is KINETIK HLDGS (KNTK) Outperforming Other Oils-Energy Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Kinetik raises quarterly dividend by 45 TO $0.78/share [Seeking Alpha]Seeking Alpha
- Kinetik Holdings Inc. (NASDAQ: KNTK) had its price target raised by analysts at Royal Bank of Canada from $46.00 to $52.00. They now have an "outperform" rating on the stock.MarketBeat
KNTK
Earnings
- 8/7/24 - Beat
KNTK
Sec Filings
- 10/28/24 - Form 4
- 10/28/24 - Form 4
- 10/28/24 - Form 4
- KNTK's page on the SEC website