At the end of February 13, 2024, Western Midstream (NYSE:WES) will reward its shareholders with a dividend payout of $0.57 per share, demonstrating an annualized dividend yield of 8.28%. Remember, only investors who held the stock before the ex-dividend date on January 31, 2024 will receive this payout.
Western Midstream Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-31 | 4$0.57 | 8.28% | 2024-01-22 | 2024-02-01 | 2024-02-13 | |
| 2023-10-31 | 4$0.57 | 8.32% | 2023-10-19 | 2023-11-01 | 2023-11-13 | |
| 2023-07-28 | 4$0.56 | 8.13% | 2023-07-21 | 2023-07-31 | 2023-08-14 | |
| 2023-04-28 | 4$0.5 | 7.62% | 2023-04-20 | 2023-05-01 | 2023-05-15 | |
| 2023-01-31 | 4$0.5 | 7.23% | 2023-01-20 | 2023-02-01 | 2023-02-13 | |
| 2022-10-28 | 4$0.5 | 7.29% | 2022-10-21 | 2022-10-31 | 2022-11-14 | |
| 2022-07-29 | 4$0.5 | 7.52% | 2022-07-21 | 2022-08-01 | 2022-08-12 | |
| 2022-04-29 | 4$0.5 | 7.46% | 2022-04-21 | 2022-05-02 | 2022-05-13 | |
| 2022-01-28 | 4$0.33 | 5.51% | 2022-01-21 | 2022-01-31 | 2022-02-14 | |
| 2021-10-29 | 4$0.32 | 5.65% | 2021-10-22 | 2021-11-01 | 2021-11-12 | |
| 2021-07-29 | 4$0.32 | 6.92% | 2021-07-20 | 2021-07-30 | 2021-08-13 | |
| 2021-04-29 | 4$0.32 | 6.6% | 2021-04-20 | 2021-04-30 | 2021-05-14 |
With a dividend yield that places it neither at the top nor the bottom, Western Midstream finds itself in the middle among its industry peers, while TORM (NASDAQ:TRMD) boasts the highest annualized dividend yield at 16.96%.
Analyzing Western Midstream Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2020 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $1.56 to $2.14, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Western Midstream
The earnings chart above shows that from 2020 to 2023, Western Midstream has experienced an increase in their earnings from $2.54 per share to $2.85 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
In this article, we delve into Western Midstream's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.57 per share today, resulting in an annualized dividend yield of 8.28%.
With a dividend yield that places it neither at the top nor the bottom, Western Midstream finds itself in the middle among its industry peers, while TORM boasts the highest annualized dividend yield at 16.96%.
With an increase in dividend per share and earnings per share from 2020 to 2023, Western Midstream demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[Track real-time stock fluctuations for Western Midstream on Benzinga.](Western Midstream (NYSE: WES))
This article was generated by Benzinga's automated content engine and reviewed by an editor.