DT Midstream's latest quarterly dividend of $0.735 per share was on Jun 17, 2024 (ex-date). At an annualized rate of $2.85 per share, the stock yields 3.84%.
DT Midstream's dividend yield of 3.84% is higher than the Energy sector average but lower than the industry average. But in comparison with the Energy sector average of 3.77%, DT Midstream's dividend yield is only 1.9% higher.
DT Midstream has a history of paying dividends since 2021. Our records of DTM show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 7% for the last twelve months. However with the price of the stock up by 42% from a year ago, the dividend yield has decreased by 24%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jun 17, 2024 | Jul 15, 2024 | Apr 30, 2024 | $0.735 | normal |
| Mar 15, 2024 | Apr 15, 2024 | Feb 16, 2024 | $0.735 | normal |
| Dec 15, 2023 | Jan 15, 2024 | Nov 1, 2023 | $0.69 | normal |
| Sep 15, 2023 | Oct 15, 2023 | Aug 1, 2023 | $0.69 | normal |
| Jun 15, 2023 | Jul 15, 2023 | May 5, 2023 | $0.69 | normal |
| Mar 17, 2023 | Apr 15, 2023 | Feb 16, 2023 | $0.69 | normal |
| Dec 16, 2022 | Jan 15, 2023 | Dec 5, 2022 | $0.64 | normal |
| Sep 16, 2022 | Oct 15, 2022 | Aug 3, 2022 | $0.64 | normal |
| Jun 16, 2022 | Jul 15, 2022 | May 6, 2022 | $0.64 | normal |
| Mar 18, 2022 | Apr 15, 2022 | Feb 25, 2022 | $0.64 | normal |
| Dec 17, 2021 | Jan 15, 2022 | Dec 9, 2021 | $0.6 | normal |
DT Midstream's payout ratio of 69.2% is above the Energy sector average but below the industry average. Compared to its Energy sector average of 49.7%, DT Midstream's payout ratio is 39% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| KNTK Kinetik Holdings Inc | 7.15% | $3 | 55.5% |
| KMI Kinder Morgan Inc | 5.31% | $1.14 | 104.1% |
| DTM DT Midstream Inc | 3.86% | $2.85 | 69.2% |
Yes, DT Midstream has paid four dividends in the last twelve months. DTM has been paying dividends since 2021.
At this point we don't have a record of DTM's next dividend date, but based on the current dividend schedule we project that it will likely be in September 2024.
DT Midstream's last dividend ex-date was on Jun 17, 2024. The dividend amount was $0.735 per share.
DTM has paid dividend of $2.85 per share in the last year.
DT Midstream's current dividend yield is 3.84%.
DT Midstream has a quarterly dividend frequency.
The dividend payout ratio of DT Midstream is 69.2%.
DT Midstream's dividend yield is in line with the Energy sector average.