HESM dividend yield calculator – Hess Midstream LP Increases Quarterly Dividend by 2.7% to $0.5851/Share

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Hess ($NYSE:HESM) Midstream LP (HESM) announced recently that its board of directors has approved an increase of 2.7% for its quarterly dividend to $0.5851 per share. It is engaged in gathering, processing, and storing crude oil, natural gas, and natural gas liquids. The Company also has interests in a rail terminal on the U.S. Gulf Coast and a deepwater dock facility in Ingleside, Texas. Hess Midstream LP’s general partner is owned by Hess Corporation, and it is structured as a publicly-traded entity.

Dividends – HESM dividend yield calculator

HESS MIDSTREAM LP has been increasing their quarterly dividend per share over the last three years, most recently settling on $0.5851/share. This marks an increase of 2.7% from the last dividend payout, bringing the average dividend yield to 7.63%. If you’re looking for a solid dividend stock, HESS MIDSTREAM LP could be a great option. The company has a history of paying out consistent dividends over the past three years, with annual dividend rates of 2.18 USD.

This makes it a reliable option for those who may be looking for a steady source of income. With the quarterly dividend continuing to increase, it’s likely that this trend will continue in the future.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for HESM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for HESM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for HESM. More…

Key Ratios Snapshot

Some of the financial key ratios for HESM are shown below. More…

Share Price

Following this announcement, the stock opened at $28.9, but closed at $28.6 at the end of the trading day, representing a 1.0% decrease from the previous closing price of $28.8. Hess Midstream LP continues to be a reliable source of income for investors seeking a steady return. Live Quote…

Analysis

At GoodWhale, we have performed an extensive analysis of HESS MIDSTREAM LP’s fundamentals. We have concluded that HESS MIDSTREAM LP is a low risk investment from a financial and business standpoint. We identified two risk warnings in the income statement and balance sheet that prospective investors should be aware of before making an investment decision. To learn more about these risk warnings and make informed decisions, be sure to become a registered user of GoodWhale. More…

Peers

The company’s assets include crude oil and natural gas gathering systems, pipelines, storage tanks, and terminals. Hess Midstream LP is headquartered in Houston, Texas. The company’s competitors include Rattler Midstream LP, EnLink Midstream LLC, Kinetik Holdings Inc.

– Rattler Midstream LP ($NYSE:ENLC)

EnLink Midstream LLC has a market cap of 5.96B as of 2022. The company’s return on equity is 32.09%. EnLink Midstream is engaged in the business of gathering, transporting, processing, marketing and storing natural gas and natural gas liquids (NGLs). The company operates in Oklahoma, Texas, Louisiana and New Mexico.

Summary

HESS MIDSTREAM LP is a publicly traded limited partnership that provides midstream services to Hess Corporation and its affiliates. Analysts expect the dividend increase to bring in more investment into the stock and generate more stability in the market. The company has demonstrated an impressive growth trend in its financial performance and is expected to continue its success in the near future. This makes it an attractive investment opportunity for investors seeking stable returns.