American Midstream Partners, LP (NYSE:AMID) declared a quarterly dividend on Monday, October 30th, Wall Street Journal reports. Stockholders of record on Tuesday, November 7th will be given a dividend of 0.4125 per share by the pipeline company on Tuesday, November 14th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date of this dividend is Monday, November 6th. This is an increase from American Midstream Partners,’s previous quarterly dividend of $0.41.

American Midstream Partners, has decreased its dividend by an average of 0.8% annually over the last three years. American Midstream Partners, has a dividend payout ratio of -106.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

American Midstream Partners, (NYSE:AMID) opened at $13.25 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 2.08.

American Midstream Partners, (NYSE:AMID) last posted its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.39). The firm had revenue of $193.63 million during the quarter. American Midstream Partners, had a negative net margin of 10.35% and a negative return on equity of 19.39%.

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A number of research firms have recently weighed in on AMID. BidaskClub raised shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank Of Canada reissued a “hold” rating and issued a $14.00 price objective on shares of American Midstream Partners, in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, August 18th. ValuEngine downgraded shares of American Midstream Partners, from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Citigroup Inc. downgraded shares of American Midstream Partners, from a “buy” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $16.00 in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.60.

American Midstream Partners, Company Profile

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company provides midstream infrastructure that links producers of natural gas, crude oil, natural gas liquids (NGLs), condensate and specialty chemicals to numerous intermediate and end-use markets.

Dividend History for American Midstream Partners, (NYSE:AMID)

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