EnLink Midstream LLC (ENLC) Plans Special Dividend of $0.18
EnLink Midstream (NASDAQ:ENLC) declared a special dividend on Monday, April 28th, Stock Ratings News reports. Stockholders of record on Monday, May 5th will be given a dividend of 0.18 per share on Thursday, May 15th. The ex-dividend date of this dividend is Thursday, May 1st.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of EnLink Midstream from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $43.30 price target on the stock. On the ratings front, analysts at Credit Suisse reiterated an “outperform” rating on shares of EnLink Midstream in a research note on Friday, May 16th. They now have a $50.00 price target on the stock, up previously from $47.00.
EnLink Midstream (NASDAQ:ENLC) traded up 1.68% on Monday, hitting $40.52. 214,872 shares of the company’s stock traded hands. EnLink Midstream has a 52 week low of $18.32 and a 52 week high of $42.88. The stock has a 50-day moving average of $36.19 and a 200-day moving average of $35.53. The company has a market cap of $6.646 billion and a P/E ratio of 53.56.
EnLink Midstream (NASDAQ:ENLC) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.12. On average, analysts predict that EnLink Midstream will post $0.13 earnings per share for the current fiscal year.
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