On March 9, Kinetik Holdings Inc. sold what will amount to 4 million common shares (after the greenshoe option is exercised) at US$58.00 per share, a whopping 17% discount to its March 8 close. The dividend yield on Kinetik has ballooned to 9.8%, which would make it the highest yielding stock in the S&P 500 if it were a member.