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
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KNTK
Earnings
- 11/6/24 - Miss
KNTK
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/8/24 - Form 10-Q
- KNTK's page on the SEC website