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Tag: NASDAQ: ALTM

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Altus Midstream Co (ALTM) Stock Triples After Raising Future Outlook

Altus stock tripled overnight as the company plans to recommend a quarterly dividend of $1.50 per share beginning in March 2021. Shares of the Permian-to-Gulf Coast midstream oil & gas pipeline company, Altus Midstream Company (ALTM) skyrocketed on positive third quarter results and upgraded future outlook, including a dividend policy to recommend Board of Directors (BoDs) to initiate quarterly dividend payout in March 2021. Altus shares price tripled during yesterday’s trading session to $30.54 compared to the previous close of $10.03. The stock soared higher in the premarket on Thursday above 80% as it kicked off the session at $18.27.