DT Midstream, Inc. (DTM) to Issue Quarterly Dividend of $0.88 on July 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 yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th.

DT Midstream has a dividend payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect DT Midstream to earn $5.00 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 70.4%.

DT Midstream Trading Up 1.3%

Shares of DTM opened at $142.14 on Friday. The firm’s 50 day simple moving average is $140.61 and its 200 day simple moving average is $131.78. The company has a market capitalization of $14.50 billion, a P/E ratio of 31.45, a P/E/G ratio of 3.06 and a beta of 0.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. DT Midstream has a 1-year low of $98.06 and a 1-year high of $152.88.

DT Midstream (NYSE:DTM) last announced its earnings results on Thursday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The business had revenue of $336.00 million for the quarter, compared to the consensus estimate of $313.65 million. DT Midstream had a net margin of 36.28% and a return on equity of 9.53%. During the same period last year, the firm posted $1.06 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Sell-side analysts forecast that DT Midstream will post 4.75 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.