Sanchez Production Partners LP (NASDAQ:SNMP) announced a quarterly dividend on Wednesday, November 8th, Wall Street Journal reports. Stockholders of record on Monday, November 20th will be given a dividend of 0.4508 per share on Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.31%. The ex-dividend date of this dividend is Friday, November 17th. This is an increase from Sanchez Production Partners’s previous quarterly dividend of $0.44.

Shares of Sanchez Production Partners (NASDAQ:SNMP) opened at $12.60 on Friday. Sanchez Production Partners has a 12 month low of $9.35 and a 12 month high of $15.92.

Sanchez Production Partners (NASDAQ:SNMP) last posted its earnings results on Tuesday, August 15th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.21). The firm had revenue of $25.03 million during the quarter, compared to analyst estimates of $21.90 million.

Separately, Zacks Investment Research raised Sanchez Production Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th.

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About Sanchez Production Partners

Sanchez Midstream Partners LP, formerly Sanchez Production Partners LP, is focused on the acquisition, development, ownership and operation of midstream and other energy producing assets. The Company operates through two segments: the exploration and production of oil and natural gas, and the midstream business, which includes the Catarina gathering system.

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