Responding to Performance Concerns: Equitrans Midstream Manages Decreased Earnings and Adjusts Dividends
By the end of today, February 14, 2024, Equitrans Midstream (NYSE:ETRN) is set to deliver a dividend payout of $0.15 per share, equating to an annualized dividend yield of 5.64%. The company's dividend payout went ex-dividend on February 05, 2024, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Equitrans Midstream Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-05 | 4 | $0.15 | 5.64% | 2024-01-23 | 2024-02-06 | 2024-02-14 |
| 2023-11-02 | 4 | $0.15 | 6.8% | 2023-10-25 | 2023-11-03 | 2023-11-14 |
| 2023-08-03 | 4 | $0.15 | 6.4% | 2023-07-26 | 2023-08-04 | 2023-08-14 |
| 2023-05-04 | 4 | $0.15 | 12.22% | 2023-04-25 | 2023-05-05 | 2023-05-15 |
| 2023-02-03 | 4 | $0.15 | 8.24% | 2023-01-24 | 2023-02-06 | 2023-02-14 |
| 2022-11-01 | 4 | $0.15 | 7.56% | 2022-10-25 | 2022-11-02 | 2022-11-14 |
| 2022-08-02 | 4 | $0.15 | 8.6% | 2022-07-22 | 2022-08-03 | 2022-08-12 |
| 2022-05-03 | 4 | $0.15 | 7.65% | 2022-04-26 | 2022-05-04 | 2022-05-13 |
| 2022-02-02 | 4 | $0.15 | 5.8% | 2022-01-24 | 2022-02-03 | 2022-02-14 |
| 2021-11-01 | 4 | $0.15 | 5.36% | 2021-10-18 | 2021-11-02 | 2021-11-12 |
| 2021-08-03 | 4 | $0.15 | 7.35% | 2021-07-23 | 2021-08-04 | 2021-08-13 |
| 2021-05-04 | 4 | $0.15 | 7.53% | 2021-04-27 | 2021-05-05 | 2021-05-14 |
When comparing Equitrans Midstream's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TORM (NASDAQ:TRMD) having the highest annualized dividend yield at 17.14%.
Analyzing Equitrans Midstream Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2020 to 2023, investors saw an average decrease in the company's dividend per share, decreasing from $0.90 in 2020 to $0.60 in 2023. This is not favorable for investors as it indicates a decline in the company's dividend payout over the years. Further analysis is recommended to understand the factors contributing to this decrease.
YoY Earnings Growth For Equitrans Midstream
From 2020 to 2023, Equitrans Midstream experienced a decrease in earnings per share, dropping from $2.19 to $0.72. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
In this article, we explore the recent dividend payout of Equitrans Midstream and its significance for shareholders. The company has decided to distribute a dividend of $0.15 per share today, which equates to an annualized dividend yield of 5.64%.
When comparing Equitrans Midstream's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TORM having the highest annualized dividend yield at 17.14%.
The decrease in both dividend per share and earnings per share from 2020 to 2023 for Equitrans Midstream suggests financial challenges, which may require a cautious approach in distributing profits to shareholders.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.