American Midstream Partners, LP (NYSE:AMID) declared a quarterly dividend on Monday, October 30th, Wall Street Journal reports. Shareholders of record on Tuesday, November 7th will be given a dividend of 0.4125 per share by the pipeline company on Tuesday, November 14th. This represents a $1.65 dividend on an annualized basis and a yield of 12.50%. The ex-dividend date of this dividend is Monday, November 6th. This is an increase from American Midstream Partners,’s previous quarterly dividend of $0.41.

American Midstream Partners, has decreased its dividend payment by an average of 0.8% per year over the last three years. American Midstream Partners, has a payout ratio of -106.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect American Midstream Partners, to earn ($0.18) per share next year, which means the company may not be able to cover its $1.65 annual dividend with an expected future payout ratio of -916.7%.

American Midstream Partners, (NYSE:AMID) traded up 0.38% during trading on Monday, reaching $13.20. The company’s stock had a trading volume of 88,130 shares. American Midstream Partners, has a one year low of $11.10 and a one year high of $18.45. The firm’s market cap is $695.81 million. The company has a 50-day moving average of $13.61 and a 200 day moving average of $13.42.

American Midstream Partners, (NYSE:AMID) last issued its earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.39). American Midstream Partners, had a negative return on equity of 19.39% and a negative net margin of 10.35%. The company had revenue of $193.63 million during the quarter. Analysts expect that American Midstream Partners, will post ($1.95) EPS for the current fiscal year.

Several research analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $14.00 price target on shares of American Midstream Partners, in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, August 18th. ValuEngine downgraded shares of American Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. BidaskClub downgraded shares of American Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, Citigroup Inc. downgraded shares of American Midstream Partners, from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $16.00 in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.60.

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American Midstream Partners, Company Profile

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company provides midstream infrastructure that links producers of natural gas, crude oil, natural gas liquids (NGLs), condensate and specialty chemicals to numerous intermediate and end-use markets.

Dividend History for American Midstream Partners, (NYSE:AMID)

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