CONE Midstream Boosts Quarterly Cash Distribution


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


CONE Midstream Partners LP (NYSE: CNNX) said that its Board of CONE Midstream GP LLC, the general partner, has approved the declaration of a cash distribution of $0.254 per unit with respect to the second quarter of 2016. On an annualized basis, it translated into $1.02 a share.

CONE Midstream said the distribution would be made on August 12 to its unitholders of record as August 4, 2016. The company added that the represented an increase of 3.7 percent from the prior quarter. On a year-over-year basis, the latest dividend represented an increase of 15.5 percent.

The latest dividend provided 5.9 percent yield and the dividend payout ratio was about 67.0 percent.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsDividends