As the day concludes, Equitrans Midstream ETRN is preparing to distribute a dividend payout of $0.15 per share, resulting in an annualized dividend yield of 6.80%. This payout is exclusive to investors who held the stock before the ex-dividend date on November 02, 2023.
Equitrans Midstream Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-02 | 4 | $0.15 | 6.8% | 2023-10-25 | 2023-11-03 | 2023-11-14 |
| 2023-08-03 | 4 | $0.15 | 6.4% | 2023-07-26 | 2023-08-04 | 2023-08-14 |
| 2023-05-04 | 4 | $0.15 | 12.22% | 2023-04-25 | 2023-05-05 | 2023-05-15 |
| 2023-02-03 | 4 | $0.15 | 8.24% | 2023-01-24 | 2023-02-06 | 2023-02-14 |
| 2022-11-01 | 4 | $0.15 | 7.56% | 2022-10-25 | 2022-11-02 | 2022-11-14 |
| 2022-08-02 | 4 | $0.15 | 8.6% | 2022-07-22 | 2022-08-03 | 2022-08-12 |
| 2022-05-03 | 4 | $0.15 | 7.65% | 2022-04-26 | 2022-05-04 | 2022-05-13 |
| 2022-02-02 | 4 | $0.15 | 5.8% | 2022-01-24 | 2022-02-03 | 2022-02-14 |
| 2021-11-01 | 4 | $0.15 | 5.36% | 2021-10-18 | 2021-11-02 | 2021-11-12 |
| 2021-08-03 | 4 | $0.15 | 7.35% | 2021-07-23 | 2021-08-04 | 2021-08-13 |
| 2021-05-04 | 4 | $0.15 | 7.53% | 2021-04-27 | 2021-05-05 | 2021-05-14 |
| 2021-02-02 | 4 | $0.15 | 8.39% | 2021-01-22 | 2021-02-03 | 2021-02-12 |
When comparing Equitrans Midstream's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TORM TRMD having the highest annualized dividend yield at 19.16%.
Analyzing Equitrans 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
Investors witnessed a decline in the company's dividend per share from $1.76 in 2019 to $0.60 in 2022. This downward trend in dividend payouts necessitates a comprehensive investigation to identify the reasons behind the decrease.
YoY Earnings Growth For Equitrans Midstream
From 2019 to 2022, Equitrans Midstream experienced a decrease in earnings per share, dropping from $2.58 to $0.27. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
In this article, we delve into Equitrans Midstream's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.15 per share today, resulting in an annualized dividend yield of 6.80%.
When comparing Equitrans Midstream's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TORM having the highest annualized dividend yield at 19.16%.
The decrease in both dividend per share and earnings per share from 2019 to 2022 for Equitrans Midstream suggests financial challenges, which may require a cautious approach in distributing profits to shareholders.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
[Monitor live stock price updates for Equitrans Midstream on Benzinga.](https://www.benzinga.com/quote/Equitrans Midstream (NYSE: ETRN))
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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