Sanchez Production Partners LP (SNMP) Declares $0.45 Dividend
Sanchez Production Partners LP (NYSEAMERICAN:SNMP) announced a dividend on Friday, February 9th, Fidelity reports. Stockholders of record on Tuesday, February 20th will be given a dividend of 0.4508 per share by the basic materials company on Wednesday, February 28th. This represents a dividend yield of 0.0383659574468085%. The ex-dividend date of this dividend is Friday, February 16th.
Sanchez Production Partners (NYSEAMERICAN SNMP) opened at $11.75 on Friday. The company has a market cap of $173.64, a PE ratio of -2.08 and a beta of -0.33. Sanchez Production Partners has a 12 month low of $9.35 and a 12 month high of $15.75.
Sanchez Production Partners (NYSEAMERICAN:SNMP) last posted its quarterly earnings results on Tuesday, November 14th. The basic materials company reported ($0.38) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.04. The company had revenue of $18.60 million during the quarter, compared to analysts’ expectations of $23.60 million.
In other Sanchez Production Partners news, Director Antonio R. Sanchez III sold 5,121 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $13.00, for a total transaction of $66,573.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Antonio R. Sanchez III sold 4,700 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $13.00, for a total transaction of $61,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,505 shares of company stock worth $149,565 in the last three months.
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About Sanchez Production Partners
Sanchez Midstream Partners LP, formerly Sanchez Production Partners LP, is focused on the acquisition, development, ownership and operation of midstream and other energy producing assets. The Company operates through two segments: the exploration and production of oil and natural gas, and the midstream business, which includes the Catarina gathering system.
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