Antero Midstream (AM) Shares Soar 2.26% After Dividend Announcement

Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 9, 2025 8:01 pm ET1min read

Antero Midstream (AM) shares surged by 2.26% today, marking a significant rebound after hitting a low not seen since December 2024, with an intraday decline of 5.45%.

Antero Midstream has declared a quarterly cash dividend of $0.225 per share for the first quarter of 2025, payable on May 7, 2025, to stockholders of record as of April 23, 2025. This dividend represents an annual payout of $0.90 per share and continues the company's streak of 42 consecutive quarterly dividends since its initial public offering.

During the first quarter of 2025,

repurchased approximately 1.7 million shares for $28.6 million. As of March 31, 2025, the company had about $443 million remaining under its $500 million share repurchase program. This aggressive buyback strategy is aimed at returning value to shareholders and potentially boosting the stock price.

The company is set to release its first-quarter 2025 earnings on April 30, 2025, followed by a conference call on May 1, 2025. Investors will be closely watching these results to gauge the company's performance and future outlook, which could influence the stock's trajectory in the coming weeks.

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