DT Midstream, Inc. (NYSE:DTM) Announces $0.88 Quarterly Dividend

DT Midstream, Inc. (NYSE:DTM) announced a quarterly dividend on Wednesday, July 29th. Stockholders 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 dividend yield of 2.6%. The ex-dividend date is Monday, September 21st.

DT Midstream has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Analysts expect DT Midstream to earn $4.99 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 70.5%.

DT Midstream Stock Performance

Shares of NYSE:DTM opened at $136.59 on Friday. The business’s 50-day simple moving average is $144.05 and its 200 day simple moving average is $137.80. The company has a market cap of $13.93 billion, a P/E ratio of 30.22, a PEG ratio of 2.95 and a beta of 0.71. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. DT Midstream has a one year low of $99.81 and a one year high of $152.88.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.08). The company had revenue of $332.57 million during the quarter, compared to analysts’ expectations of $325.84 million. DT Midstream had a return on equity of 9.53% and a net margin of 36.28%.During the same quarter in the prior year, the company earned $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. On average, sell-side analysts forecast that DT Midstream will post 4.77 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.