Atlas Energy Resources (ATN) has announced the 4th quarter distribution will be 61¢ for shareholders of record on February 9, 2009. The distribution is the same amount as the previous two quarters. Even after yesterday’s price bump the stock is still sporting a yield near 17%.
ATN is well hedged through the rest of 2009 and into early 2010. It is positioned to continue to grow its well numbers and production even at the current low natural gas prices. If past practices hold they should release year end results in a couple of weeks.
Disclosure: ATN is a component of my site’s hypothetical Opportunities Portfolio and a personal holding.