DT Midstream, Inc. (DTM) to Issue Quarterly Dividend of $0.88 on April 15th

DT Midstream, Inc. (NYSE:DTM) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.88 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, March 16th. This is a 7.3% increase from DT Midstream’s previous quarterly dividend of $0.82.

DT Midstream has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect DT Midstream to earn $4.43 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 79.5%.

DT Midstream Price Performance

DTM stock opened at $137.58 on Friday. The company’s 50-day moving average price is $129.16 and its two-hundred day moving average price is $118.56. The firm has a market cap of $14.00 billion, a P/E ratio of 31.92, a P/E/G ratio of 2.79 and a beta of 0.75. DT Midstream has a 12 month low of $83.30 and a 12 month high of $143.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Thursday, February 19th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). DT Midstream had a return on equity of 9.13% and a net margin of 35.48%.The company had revenue of $317.00 million for the quarter, compared to the consensus estimate of $320.07 million. During the same quarter last year, the business earned $0.94 earnings per share. On average, analysts anticipate that DT Midstream will post 3.8 earnings per share for the current fiscal year.

About DT Midstream

DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.

The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.