Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; and crude oil rail cars, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.
Hess Midstream Dividend Announcement
• Hess Midstream announced a quarterly dividend of $0.68 per ordinary share which will be made payable on 2024-11-14. Ex dividend date: 2024-11-07
• Hess Midstream annual dividend for 2024 was $2.64
• Hess Midstream annual dividend for 2023 was $2.37
• Hess Midstream's trailing twelve-month (TTM) dividend yield is 7.33%
• Hess Midstream's payout ratio for the trailing twelve months (TTM) is 108.41%
• Hess Midstream's dividend growth over the last five years (2018-2023) was 11.82% year
Hess Midstream Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-07 | $0.68 | quarterly | 2024-11-14 |
2024-08-08 | $0.67 | quarterly | 2024-08-14 |
2024-05-01 | $0.65 | quarterly | 2024-05-14 |
2024-02-07 | $0.63 | quarterly | 2024-02-14 |
2023-11-01 | $0.62 | quarterly | 2023-11-14 |
2023-08-02 | $0.60 | quarterly | 2023-08-14 |
2023-05-03 | $0.59 | quarterly | 2023-05-12 |
2023-02-01 | $0.57 | quarterly | 2023-02-13 |
2022-11-02 | $0.56 | quarterly | 2022-11-14 |
2022-08-03 | $0.56 | quarterly | 2022-08-12 |
2022-05-04 | $0.55 | quarterly | 2022-05-13 |
2022-02-02 | $0.52 | quarterly | 2022-02-14 |
2021-11-03 | $0.51 | quarterly | 2021-11-12 |
2021-08-06 | $0.50 | quarterly | 2021-08-13 |
2021-04-30 | $0.45 | quarterly | 2021-05-13 |
2021-02-03 | $0.45 | quarterly | 2021-02-12 |
2020-11-04 | $0.44 | quarterly | 2020-11-13 |
2020-08-05 | $0.44 | quarterly | 2020-08-14 |
2020-05-01 | $0.43 | quarterly | 2020-05-14 |
2020-02-05 | $0.43 | quarterly | 2020-02-14 |
2019-11-01 | $0.41 | quarterly | 2019-11-13 |
2019-08-02 | $0.40 | quarterly | 2019-08-13 |
2019-05-02 | $0.38 | quarterly | 2019-05-14 |
2019-02-01 | $0.37 | quarterly | 2019-02-13 |
2018-11-02 | $0.36 | quarterly | 2018-11-13 |
2018-08-01 | $0.34 | quarterly | 2018-08-13 |
2018-05-03 | $0.33 | quarterly | 2018-05-14 |
2018-02-01 | $0.32 | quarterly | 2018-02-13 |
2017-11-02 | $0.31 | quarterly | 2017-11-13 |
2017-08-02 | $0.27 | quarterly | 2017-08-14 |
Hess Midstream Dividend per year
Hess Midstream Dividend growth
Hess Midstream Dividend Yield
Hess Midstream current trailing twelve-month (TTM) dividend yield is 7.33%. Interested in purchasing Hess Midstream stock? Use our calculator to estimate your expected dividend yield:
Hess Midstream Financial Ratios
Hess Midstream Dividend FAQ
Other factors to consider when evaluating Hess Midstream as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Hess Midstream's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Hess Midstream publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Hess Midstream distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Hess Midstream are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Hess Midstream sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Hess Midstream distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hess Midstream declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Hess Midstream's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Hess Midstream's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.