By the end of today, February 14, 2024, Hess Midstream (NYSE:HESM) is set to deliver a dividend payout of $0.63 per share, equating to an annualized dividend yield of 7.48%. Shareholders who owned the stock prior to the ex-dividend date on February 07, 2024 will receive this payout.
Hess Midstream Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-07 | 4$0.63 | 7.48% | 2024-01-29 | 2024-02-08 | 2024-02-14 | |
| 2023-11-01 | 4$0.62 | 8.09% | 2023-10-23 | 2023-11-02 | 2023-11-14 | |
| 2023-08-02 | 4$0.6 | 7.62% | 2023-07-24 | 2023-08-03 | 2023-08-14 | |
| 2023-05-03 | 4$0.59 | 8.12% | 2023-04-24 | 2023-05-04 | 2023-05-12 | |
| 2023-02-01 | 4$0.57 | 7.32% | 2023-01-23 | 2023-02-02 | 2023-02-13 | |
| 2022-11-02 | 4$0.56 | 8.26% | 2022-10-24 | 2022-11-03 | 2022-11-14 | |
| 2022-08-03 | 4$0.56 | 7.91% | 2022-07-25 | 2022-08-04 | 2022-08-12 | |
| 2022-05-04 | 4$0.55 | 6.99% | 2022-04-25 | 2022-05-05 | 2022-05-13 | |
| 2022-02-02 | 4$0.52 | 7.27% | 2022-01-24 | 2022-02-03 | 2022-02-14 | |
| 2021-11-03 | 4$0.51 | 7.68% | 2021-10-25 | 2021-11-04 | 2021-11-12 | |
| 2021-08-06 | 4$0.5 | 8.63% | 2021-07-28 | 2021-08-09 | 2021-08-13 | |
| 2021-04-30 | 4$0.45 | 8.13% | 2021-04-23 | 2021-05-03 | 2021-05-13 |
When comparing Hess Midstream's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TORM (NASDAQ:TRMD) having the highest annualized dividend yield at 17.14%.
Analyzing Hess 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
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $1.73 in 2020 to $2.37 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Hess Midstream
From 2020 to 2023, Hess Midstream experienced a growth in earnings per share, with an increase from $1.23 to $2.03. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article delves into the recent dividend payout of Hess Midstream and its implications for shareholders. Presently, the company is distributing a dividend of $0.63 per share, leading to an annualized dividend yield of 7.48%.
When comparing Hess Midstream's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TORM having the highest annualized dividend yield at 17.14%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, Hess Midstream appears to be in a strong financial position, indicating their ability to sustain dividend distributions 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 Hess Midstream on Benzinga.](Hess Midstream (NYSE: HESM))
This article was generated by Benzinga's automated content engine and reviewed by an editor.