Antero Midstream (AM) had just opened the latest quarterly conference call to questions when the inevitable capital allocation question surfaced yet again. For some reason yet another analyst had a problem with the distribution that currently yields approximately 20%. Even though management pointed out that the debt did not increase during the second quarter, questions remain about the dividend as long as the yield remains sky high.
It is almost as though the market is telling management to cut the dividend and Mr. Market will not accept any other answer.
Source: Seeking Alpha