Kinetik Holdings Raises Dividend 4%

Dow Jones10-18
 

By Connor Hart

 

Kinetik Holdings raised its dividend 4% to 78 cents.

The new payout, equal to $3.12 a year, represents an annual yield of about 6.3% based on Thursday's closing price of $49.72.

The Texas-based oil and gas company said the increased dividend will be paid on Nov. 7 to shareholders on record as of Oct. 28.

The company is scheduled to report its third-quarter earnings after the bell on Nov. 6 and plans to host a call with analysts the following day.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

October 17, 2024 16:30 ET (20:30 GMT)

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