Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Utica and Point Pleasant shale formations in southeastern Ohio; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Denver-Julesburg Basin, which include the Niobrara and Codell shale formations in Colorado; the Permian Basin that comprise the Bone Spring and Wolfcamp shale formations in New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado; the Barnett Shale formation in north-central Texas; and the Marcellus Shale formation in northern West Virginia. The company also owns an ownership interest in Ohio Gathering, which owns and operates natural gas gathering and condensate stabilization facility in the Utica Shale in southeastern Ohio. It serves natural gas and crude oil producers. Summit Midstream GP, LLC operates as a general partner of the company. The company was founded in 2009 and is headquartered in Houston, Texas.
Summit Midstream Partners Dividend Announcement
• Summit Midstream Partners announced a quarterly dividend of $0.12 per ordinary share which will be made payable on 2020-02-14. Ex dividend date: 2020-02-06
• Summit Midstream Partners's trailing twelve-month (TTM) dividend yield is -%
• Summit Midstream Partners's payout ratio for the trailing twelve months (TTM) is 9.03%
Summit Midstream Partners Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2020-02-06 | $0.12 | quarterly | 2020-02-14 |
2019-11-06 | $0.29 | quarterly | 2019-11-14 |
2019-08-06 | $0.29 | quarterly | 2019-08-14 |
2019-05-07 | $0.29 | quarterly | 2019-05-15 |
2019-02-06 | $0.57 | quarterly | 2019-02-14 |
2018-11-06 | $0.57 | quarterly | 2018-11-14 |
2018-08-06 | $0.57 | quarterly | 2018-08-14 |
2018-05-07 | $0.57 | quarterly | 2018-05-15 |
2018-02-06 | $0.57 | quarterly | 2018-02-14 |
2017-11-06 | $0.57 | quarterly | 2017-11-14 |
2017-08-03 | $0.57 | quarterly | 2017-08-14 |
2017-05-04 | $0.57 | quarterly | 2017-05-15 |
2017-02-03 | $0.57 | quarterly | 2017-02-14 |
2016-11-03 | $0.57 | quarterly | 2016-11-14 |
2016-08-03 | $0.57 | quarterly | 2016-08-12 |
2016-05-04 | $0.57 | quarterly | 2016-05-13 |
2016-02-03 | $0.57 | quarterly | 2016-02-12 |
2015-11-04 | $0.57 | quarterly | 2015-11-13 |
2015-08-05 | $0.57 | quarterly | 2015-08-14 |
2015-05-06 | $0.56 | quarterly | 2015-05-15 |
2015-02-04 | $0.56 | quarterly | 2015-02-13 |
2014-11-05 | $0.54 | quarterly | 2014-11-14 |
2014-08-05 | $0.52 | quarterly | 2014-08-14 |
2014-05-06 | $0.50 | quarterly | 2014-05-15 |
2014-02-05 | $0.48 | quarterly | 2014-02-14 |
2013-11-05 | $0.46 | quarterly | 2013-11-14 |
2013-08-05 | $0.43 | quarterly | 2013-08-14 |
2013-05-06 | $0.42 | quarterly | 2013-05-15 |
2013-02-05 | $0.41 | quarterly | 2013-02-14 |
Summit Midstream Partners Dividend per year
Summit Midstream Partners Dividend growth
Summit Midstream Partners Dividend Yield
Summit Midstream Partners current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Summit Midstream Partners stock? Use our calculator to estimate your expected dividend yield:
Summit Midstream Partners Financial Ratios
Summit Midstream Partners Dividend FAQ
Other factors to consider when evaluating Summit Midstream Partners 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.
Place an order: Use the brokerage's trading platform to place an order to buy Summit Midstream Partners stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Summit Midstream Partners'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, Summit Midstream Partners 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, Summit Midstream Partners 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 Summit Midstream Partners 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: Summit Midstream Partners 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, Summit Midstream Partners distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Summit Midstream Partners 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 Summit Midstream Partners'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 Summit Midstream Partners'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.