Atmos Energy Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
Portfolio Pulse from Benzinga Insights
Atmos Energy (NYSE:ATO) is distributing a dividend of $0.81 per share with an annualized yield of 2.93%. Shareholders as of November 24, 2023, are eligible. The company's dividend per share has increased from $2.15 in 2019 to $2.78 in 2022, and earnings per share have grown from $4.37 to $5.66 over the same period. This suggests financial health and a potential to continue profit distributions. Suburban Propane Partners (NYSE:SPH) has a higher yield at 7.70%.
December 11, 2023 | 3:05 pm
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NEUTRAL IMPACT
Suburban Propane Partners has a higher annualized dividend yield of 7.70% compared to Atmos Energy.
While Suburban Propane Partners is mentioned as having a higher dividend yield than Atmos Energy, the article does not provide specific financial data or changes in SPH's dividend policy that would directly impact its stock price in the short term. Therefore, the impact is neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Atmos Energy is paying out a dividend of $0.81 per share, showing a consistent increase in dividends and earnings per share from 2019 to 2022.
The increase in dividends and earnings per share for Atmos Energy indicates a strong financial performance, which is likely to be viewed positively by investors. This could lead to a short-term positive impact on the stock price as it reflects the company's ability to maintain and potentially increase shareholder value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100