WES dividend yield – Western Midstream Partners LP Declares Cash Dividend of 0.856
April 25, 2023
Dividends Yield
On April 22, 2023, Western Midstream Partners ($NYSE:WES) LP declared a cash dividend of 0.856 per share. This dividend payment is a continuation of what has been a strong history of dividend payments from the company. The most recent payment was made on April 28, 2023. For dividend investors, Western Midstream Partners LP may be worth considering as an investment option.
With a strong dividend track record and the potential for steady returns, WESTERN MIDSTREAM PARTNERS LP could be an attractive option for those looking to grow their portfolio. The company also offers investors a wide range of services related to natural gas transportation and storage which could provide additional upside potential. For those looking to add a reliable dividend stock to their portfolio, WESTERN MIDSTREAM PARTNERS LP may be worth exploring.
Market Price
Following the announcement, the stock opened at $26.8 and closed at $26.9, representing a 0.6% increase from the previous closing price of $26.7. This marks the fourth consecutive quarter that WESTERN MIDSTREAM PARTNERS LP has declared a cash dividend, demonstrating the company’s commitment to providing shareholders with attractive returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WES. More…
| Total Revenues | Net Income | Net Margin |
| 3.25k | 1.19k | 34.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WES. More…
| Operations | Investing | Financing |
| 1.7k | -218.24 | -1.4k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WES. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.27k | 8.16k | 7.74 |
Key Ratios Snapshot
Some of the financial key ratios for WES are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.8% | 9.7% | 48.5% |
| FCF Margin | ROE | ROA |
| 37.3% | 33.8% | 8.7% |
Analysis
GoodWhale has recently performed an analysis of WESTERN MIDSTREAM PARTNERS LP’s wellbeing. We have determined that, according to our Risk Rating, WESTERN MIDSTREAM PARTNERS LP is a medium risk investment in terms of financial and business aspects. Two risk warnings have appeared in the income sheet and balance sheet. To learn more about these warnings, we encourage you to register with us to check it out. With our analysis, you can make sure that you are making a wise and informed decision with your investment. We strive to provide you with the best information in order to help you make the right decision. More…
Peers
The general partner is Anadarko Petroleum Corporation. The partnership owns, operates, develops and acquires midstream energy assets in the United States. The assets include natural gas gathering systems, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, olefins production facilities, pipelines and natural gas and NGL storage facilities.
– Kinder Morgan Inc ($NYSE:KMI)
Kinder Morgan Inc is a leading energy infrastructure company in North America. They own an interest in or operate approximately 84,000 miles of pipelines and 157 terminals. Their pipelines transport natural gas, refined petroleum products, crude oil, and CO2. Terminals handle and store products such as petroleum, chemicals, ethanol, and coal. Kinder Morgan Inc’s market cap as of 2022 is 39.38B. Their ROE is 7.82%.
– Williams Companies Inc ($NYSE:WMB)
The Williams Companies, Inc. is an energy infrastructure company based in Tulsa, Oklahoma. It is engaged in natural gas processing and transportation, as well as oil and gas exploration and production. The company owns and operates a large network of natural gas pipelines, storage facilities, and processing plants in the United States. Williams also has a minority interest in a natural gas pipeline in Canada. The company was founded in 1908 and has a workforce of approximately 4,000 employees.
– Pembina Pipeline Corp ($TSX:PPL)
Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America’s energy industry for over 65 years. Pembina owns and operates an integrated system of pipelines that transport crude oil, natural gas and natural gas liquids (NGLs). Pembina also owns and operates gas gathering and processing facilities and an NGL extraction business. With facilities strategically located in western Canada and in natural gas liquids-rich basins in the United States, Pembina delivers its services to customers where they need it most.
Summary
Western Midstream Partners LP is an attractive investment for those seeking a steady income stream. Over the past three years, the company has paid an average dividend of $1.83 per share, yielding an impressive 7.04%. The most recent dividend payment was on April 28, 2023, suggesting that the company has a reliable track record of providing shareholders with a steady stream of income.
Additionally, with the current yield rate being higher than the corresponding market average, investing in this company promises to be a profitable endeavor. With its strong financial performance and reliable dividend payments, Western Midstream Partners LP is a stock worth considering for any investor interested in a secure and steady income source.
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