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Hess Midstream LP (Hess Midstream LP) Dividend Yield % : 7.31% (As of May. 05, 2024)


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What is Hess Midstream LP Dividend Yield %?

As of today (2024-05-05), the Trailing Annual Dividend Yield of Hess Midstream LP is 7.31%.

The historical rank and industry rank for Hess Midstream LP's Dividend Yield % or its related term are showing as below:

HESM' s Dividend Yield % Range Over the Past 10 Years
Min: 1.23   Med: 7.2   Max: 18.45
Current: 7.31

During the past 12 years, the highest Dividend Yield of Hess Midstream LP was 18.45%. The lowest was 1.23%. And the median was 7.20%.

HESM's Dividend Yield % is ranked better than
77.78% of 495 companies
in the Oil & Gas industry
Industry Median: 4.03 vs HESM: 7.31

Hess Midstream LP's Dividend Payout Ratio for the three months ended in Dec. 2023 was 1.12.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hess Midstream LP is 1.10, which seems too high.

During the past 12 years, the highest Dividend Payout Ratio of Hess Midstream LP was 1.32. The lowest was 0.88. And the median was 1.09.

As of today (2024-05-05), the Forward Dividend Yield % of Hess Midstream LP is 7.61%.

Hess Midstream LP's Dividends per Share for the three months ended in Dec. 2023 was $0.62.

During the past 12 months, Hess Midstream LP's average Dividends Per Share Growth Rate was 8.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.80% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of Hess Midstream LP was 44.00% per year. The lowest was 11.00% per year. And the median was 11.95% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Hess Midstream LP Dividend Yield % Historical Data

The historical data trend for Hess Midstream LP's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hess Midstream LP Dividend Yield % Chart

Hess Midstream LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.89 8.86 6.93 7.28 7.50

Hess Midstream LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.73 7.41 7.96 7.50 6.75

Competitive Comparison of Hess Midstream LP's Dividend Yield %

For the Oil & Gas Midstream subindustry, Hess Midstream LP's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hess Midstream LP's Dividend Yield % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hess Midstream LP's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Hess Midstream LP's Dividend Yield % falls into.



Hess Midstream LP Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Hess Midstream LP Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.6520002024-05-012024-05-022024-05-14Cash DividendquarterlyUSD:USD 1.000000
USD 0.6340002024-02-072024-02-082024-02-14Cash DividendquarterlyUSD:USD 1.000000
USD 0.6180002023-11-012023-11-022023-11-14Cash DividendquarterlyUSD:USD 1.000000
USD 0.6010002023-08-022023-08-032023-08-14Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Hess Midstream LP's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=2.505/34.25
=7.31 %

Current Share Price is $34.25.
Hess Midstream LP's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.505.

Hess Midstream LP's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=2.608/34.25
=7.61 %

Current Share Price is $34.25.
Hess Midstream LP's Dividends per Share for the forward twelve months is calculated as $0.652 * 4 = $2.608.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Hess Midstream LP  (NYSE:HESM) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Hess Midstream LP Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Hess Midstream LP's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Hess Midstream LP (Hess Midstream LP) Business Description

Traded in Other Exchanges
N/A
Address
1501 McKinney Street, Houston, TX, USA, 77010
Hess Midstream LP owns, operates, develops, and acquires a diverse set of midstream assets and provides fee-based services to Hess and third-party customers. It conducts its business through three operating segments: gathering, processing and storage, and terminaling and exporting. The company derives the maximum revenue from the gathering segment. Its gathering segment consists of the following assets namely Natural Gas Gathering and Compression; Crude Oil Gathering and Produced Water Gathering and Disposal.
Executives
Global Infrastructure Investors Ii, Llc director, 10 percent owner C/O GLOBAL INFRASTRUCTURE PARTNERS, 12 E. 49TH STREET, NEW YORK NY 10017
Hess Corp director, 10 percent owner 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jonathan C. Stein officer: Chief Financial Officer HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John A. Gatling officer: President and COO HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Geurt G Schoonman director HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
James K Lee director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Gip Ii Blue Holding, L.p. director, 10 percent owner C/O GLOBAL INFRASTRUCTURE MANAGEMENT LLC, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Letwin Stephen J J director HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John B Hess director, officer: Chairman and CEO C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Global Infrastructure Gp Ii, L.p. director, 10 percent owner 12 EAST 49TH STREET, 38TH FLOOR, NEW YORK NY 10017
J Patrick Reddy director
Hess Infrastructure Partners Gp Llc director, 10 percent owner 1501 MCKINNEY STREET, HOUSTON TX 77010
Hess Midstream Gp Llc director, 10 percent owner 1501 MCKINNEY STREET, HOUSTON TX 77010
Hess Midstream Gp Lp director, 10 percent owner 1501 MCKINNEY STREET, HOUSTON TX 77010
Gip Blue Holding Gp, Llc director, 10 percent owner 12 EAST 49TH STREET, 38TH FLOOR, NEW YORK NY 10017