As the day concludes, EnLink Midstream ENLC is preparing to distribute a dividend payout of $0.13 per share, resulting in an annualized dividend yield of 4.29%. This payout is exclusive to investors who held the stock before the ex-dividend date on January 26, 2024.
EnLink Midstream Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-26 | 4 | $0.13 | 4.29% | 2024-01-16 | 2024-01-29 | 2024-02-09 |
| 2023-10-26 | 4 | $0.12 | 3.9% | 2023-10-17 | 2023-10-27 | 2023-11-10 |
| 2023-07-27 | 4 | $0.12 | 4.48% | 2023-07-18 | 2023-07-28 | 2023-08-11 |
| 2023-04-27 | 4 | $0.12 | 4.77% | 2023-04-18 | 2023-04-28 | 2023-05-12 |
| 2023-01-27 | 4 | $0.12 | 3.77% | 2023-01-18 | 2023-01-30 | 2023-02-13 |
| 2022-10-27 | 4 | $0.11 | 4.59% | 2022-10-18 | 2022-10-28 | 2022-11-14 |
| 2022-07-28 | 4 | $0.11 | 5.23% | 2022-07-18 | 2022-07-29 | 2022-08-12 |
| 2022-04-28 | 4 | $0.11 | 4.46% | 2022-04-19 | 2022-04-29 | 2022-05-13 |
| 2022-01-28 | 4 | $0.11 | 5.78% | 2022-01-18 | 2022-01-31 | 2022-02-11 |
| 2021-10-29 | 4 | $0.09 | 4.54% | 2021-10-19 | 2021-11-01 | 2021-11-12 |
| 2021-07-29 | 4 | $0.09 | 6.7% | 2021-07-19 | 2021-07-30 | 2021-08-13 |
| 2021-04-29 | 4 | $0.09 | 8.77% | 2021-04-19 | 2021-04-30 | 2021-05-14 |
In terms of dividend yield, EnLink Midstream finds itself in the middle ground among its industry peers, while TORM TRMD takes the lead with the highest annualized dividend yield at 17.37%.
Analyzing EnLink 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
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $0.47 to $0.50. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For EnLink Midstream
Investors can observe a growth in earnings for EnLink Midstream from 2020 to 2023, as earnings per share increased from $0.12 to $0.67. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of EnLink Midstream and its implications for shareholders. Presently, the company is distributing a dividend of $0.13 per share, leading to an annualized dividend yield of 4.29%.
In terms of dividend yield, EnLink Midstream finds itself in the middle ground among its industry peers, while TORM takes the lead with the highest annualized dividend yield at 17.37%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for EnLink Midstream indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[See current stock movements EnLink Midstream on Benzinga.](https://www.benzinga.com/quote/EnLink Midstream (NYSE: ENLC))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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