DT Midstream, Inc. (DTM) To Go Ex-Dividend on June 15th

DT Midstream, Inc. (NYSE:DTM) announced a quarterly dividend on Thursday, April 30th. Investors of record on Monday, June 15th will be paid a dividend of 0.88 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th.

DT Midstream has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect DT Midstream to earn $4.98 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 70.7%.

DT Midstream Stock Down 0.2%

Shares of NYSE DTM opened at $147.70 on Friday. The stock has a market cap of $15.07 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 3.07 and a beta of 0.75. 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 has a 52-week low of $98.06 and a 52-week high of $150.45. The business has a 50-day moving average price of $136.36 and a 200 day moving average price of $124.86.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The firm had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $313.65 million. DT Midstream had a return on equity of 9.55% and a net margin of 36.28%.During the same period in the prior year, the firm earned $1.06 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Equities research analysts forecast that DT Midstream will post 4.63 earnings per share for the current 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.