Here's How You Can Earn $100 In Passive Income By Investing In Antero Midstream Stock

David Kirakosyan

Sun, Sep 15, 2024, 9:01 AM 4 min read

The company will report its Q3 2024 earnings on October 23. Wall Street analysts expect the company to post an EPS of $0.24, up from $0.23 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $274.36 million, up from $263.84 million in the year-ago period.

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The 52-week range of Antero Midstream’s stock price was $11.50 to $15.21.

Antero Midstream’s stock dividend yield is 6.17%. During the last 12 months, it paid $0.90 per share in dividends.

The Latest On Antero Midstream

On July 31, Antero Midstream reported its Q2 2024 earnings, posting an adjusted EPS of $0.23, compared to the consensus of $0.22, and revenues of $269.795 million, compared to the consensus estimate of $269.801 million, as reported by Benzinga.

Paul Rady, Chairman and CEO, said, “During the quarter, Antero Midstream closed on a highly strategic bolt-on acquisition, increasing throughput volumes from our primary investment-grade customer, Antero Resources. This acquisition complements our organic just-in-time business model that generates consistent Free Cash Flow after dividends, which increased 41% year over year.”

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How Can You Earn $100 Per Month As An Antero Midstream Investor?

If you want to make $100 per month—$1,200 annually—from Antero Midstream dividends, your investment value needs to be approximately $19,449, which is 1,333 shares at $14.59 each.

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (6.17% in this case). So, $1,200 / 0.0617 = $19,449 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Antero Midstream stock an attractive option for making a steady income of $100 per month by owning 1,333 shares of stock.

Check out this article by Benzinga for three more stocks that offer high dividend yields.

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This article Here's How You Can Earn $100 In Passive Income By Investing In Antero Midstream Stock originally appeared on Benzinga.com

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