DT Midstream, Inc. (NYSE:DTM) to Issue Quarterly Dividend of $0.88

DT Midstream, Inc. (NYSE:DTM) announced a quarterly dividend on Thursday, July 30th. Investors of record on Monday, September 21st will be given a dividend of 0.88 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 21st.

DT Midstream has a dividend payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. 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 Performance

DTM traded up $0.64 on Thursday, hitting $136.59. 1,641,464 shares of the stock traded hands, compared to its average volume of 783,501. DT Midstream has a 52 week low of $99.81 and a 52 week high of $152.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $13.93 billion, a PE ratio of 30.22, a P/E/G ratio of 3.00 and a beta of 0.71. The business has a fifty day moving average price of $144.30 and a two-hundred day moving average price of $137.67.

DT Midstream (NYSE:DTM) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.08). 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 $1.04 earnings per share. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, research analysts predict that DT Midstream will post 4.77 EPS for the current fiscal year.

DT Midstream Company Profile

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.