NYSE:KNTK - Post Discussion
Post by
AwareInvestor on Mar 13, 2022 9:02am
Kinetik Holdings Plunges on Stock Sale; Decline Seems to be
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.
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