Western Midstream Partners' Board Of Directors Declared A Quarterly Cash Distribution Of $0.5750 Per Unit For Q3 2023, Or $2.30 On An Annualized Basis, Representing A 2.2% Increase Vs. Q2 2023 Base Distribution Of $0.5625
Portfolio Pulse from Benzinga Newsdesk
Western Midstream Partners' board has declared a quarterly cash distribution of $0.5750 per unit for Q3 2023, which is a 2.2% increase from Q2 2023 base distribution of $0.5625.
October 19, 2023 | 11:14 am
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Western Midstream Partners' increased cash distribution for Q3 2023 may attract income-focused investors, potentially driving the stock price up in the short term.
Dividend increases are often seen as a sign of a company's strong financial health. As such, they can make the company's stock more attractive to investors, particularly those focused on income. This could increase demand for the stock, potentially driving its price up in the short term.
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