HESM stock dividend – Hess Midstream LP Declares $0.5851 Cash Dividend
May 31, 2023
🌥️Dividends Yield
On May 26 2023, Hess ($NYSE:HESM) Midstream LP declared a cash dividend of $0.5851 per share. This marks the fourth consecutive year of dividend payments for the LP, which has steadily increased its annual dividend payments since it began issuing dividends in 2021. The 2021 dividend was set at 2.24 USD, followed by 2.18 USD in 2022 and 1.91 USD in 2023; these dividend yields per share were 7.58%, 7.63%, and 7.97% respectively, amounting to an average yield of 7.73%.
For those looking for a dividend stock, Hess Midstream LP might be worth considering, with its consistent and increasing dividend payments over the past three years. The ex-dividend date for this cash dividend is set at May 3 2023, giving investors a good opportunity to maximize their investment returns.
Market Price
Following the news, HESS MIDSTREAM LP stock opened at $27.4 and closed at $27.0, down by 1.3% from the prior closing price of 27.4. This marks the thirteenth consecutive quarterly dividend for Hess Midstream LP, making it a great opportunity for investors to gain a steady stream of income from their investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HESM. More…
| Total Revenues | Net Income | Net Margin |
| 1.27k | 87.7 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HESM. More…
| Operations | Investing | Financing |
| 861.1 | -238.2 | -622 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HESM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.59k | 3.06k | 5.56 |
Key Ratios Snapshot
Some of the financial key ratios for HESM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 21.8% | 62.4% |
| FCF Margin | ROE | ROA |
| 49.1% | 201.7% | 13.8% |
Analysis
At GoodWhale, we have conducted an analysis of the fundamentals of HESS MIDSTREAM LP. Based on our Star Chart, HESS MIDSTREAM LP is strong in dividend and growth and medium in profitability and weak in asset. We classify this company as a ‘rhino’, meaning that they have achieved moderate revenue or earnings growth. Due to this moderate growth, we believe that value investors may be interested in such a company. Furthermore, HESS MIDSTREAM LP has a high health score of 8/10, indicating that they have a good cash flow and debt position and are capable of paying off their debts and funding future operations. All these factors make HESS MIDSTREAM LP an attractive investment for value investors. 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
Investing in HESS MIDSTREAM LP could be a lucrative opportunity for investors, with the company offering an average dividend yield of 7.73% over the last three years. During 2021, 2022, and 2023, it issued dividends per share of 2.24, 2.18, and 1.91 USD with respective dividend yields of 7.58%, 7.63%, and 7.97%. Its consistent dividend payments have made it an attractive option for income-seeking investors, as well as providing capital appreciation potential. Long-term holders of HESS MIDSTREAM LP stock could benefit from rising dividends and stock price appreciation.
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