On February 13, 2024, NuStar Energy (NYSE:NS) will distribute a dividend payout of $0.40 per share, equating to an annualized dividend yield of 7.66%. Shareholders who owned the stock before the ex-dividend date on February 06, 2024 will receive this payout.
NuStar Energy Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-06 | 4$0.4 | 7.66% | 2024-01-25 | 2024-02-07 | 2024-02-13 | |
| 2023-11-06 | 4$0.4 | 9.23% | 2023-10-25 | 2023-11-07 | 2023-11-14 | |
| 2023-08-07 | 4$0.4 | 9.31% | 2023-07-27 | 2023-08-08 | 2023-08-14 | |
| 2023-05-05 | 4$0.4 | 10.22% | 2023-04-27 | 2023-05-08 | 2023-05-12 | |
| 2023-02-07 | 4$0.4 | 9.34% | 2023-01-26 | 2023-02-08 | 2023-02-14 | |
| 2022-11-04 | 4$0.4 | 10.26% | 2022-10-27 | 2022-11-07 | 2022-11-14 | |
| 2022-08-05 | 4$0.4 | 10.31% | 2022-07-29 | 2022-08-08 | 2022-08-12 | |
| 2022-05-06 | 4$0.4 | 10.55% | 2022-04-28 | 2022-05-09 | 2022-05-13 | |
| 2022-02-07 | 4$0.4 | 9.87% | 2022-01-28 | 2022-02-08 | 2022-02-14 | |
| 2021-11-05 | 4$0.4 | 9.75% | 2021-10-29 | 2021-11-08 | 2021-11-12 | |
| 2021-08-05 | 4$0.4 | 9.28% | 2021-07-21 | 2021-08-06 | 2021-08-12 | |
| 2021-05-07 | 4$0.4 | 8.2% | 2021-04-30 | 2021-05-10 | 2021-05-14 |
With a dividend yield that places it neither at the top nor the bottom, NuStar Energy finds itself in the middle among its industry peers, while TORM (NASDAQ:TRMD) boasts the highest annualized dividend yield at 16.96%.
Analyzing NuStar Energy 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
Investors witnessed a decline in the company's dividend per share from $1.80 in 2020 to $1.60 in 2023. This downward trend in dividend payouts necessitates a comprehensive investigation to identify the reasons behind the decrease.
YoY Earnings Growth For NuStar Energy
The earnings chart above shows that from 2020 to 2023, NuStar Energy has experienced an increase in their earnings from $0.81 per share to $0.87 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
This article delves into the recent dividend payout of NuStar Energy and its implications for shareholders. Presently, the company is distributing a dividend of $0.40 per share, leading to an annualized dividend yield of 7.66%.
With a dividend yield that places it neither at the top nor the bottom, NuStar Energy finds itself in the middle among its industry peers, while TORM boasts the highest annualized dividend yield at 16.96%.
The decrease in dividend per share from 2020 to 2023 along with an increase in earnings per share for NuStar Energy suggests a strategic shift towards retaining more earnings for reinvestment purposes rather than distributing them as dividends.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[Click here]( to find details on NuStar Energy's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.