Western Midstream: Commitment to Investor Contentment with Steadfast Earnings Performance
Portfolio Pulse from Benzinga Insights
Western Midstream (NYSE:WES) is set to pay a dividend of $0.57 per share with an annualized yield of 8.32%. The ex-dividend date was October 31, 2023, and the dividend is payable on November 13, 2023. The company has shown a decrease in dividend per share from $2.83 in 2019 to $1.83 in 2022, but an increase in earnings per share from $1.04 to $2.73 in the same period. TORM (NASDAQ:TRMD) has the highest annualized dividend yield among peers at 19.25%.
November 13, 2023 | 3:05 pm
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NEUTRAL IMPACT
TORM has the highest annualized dividend yield among its peers at 19.25%, outperforming Western Midstream's yield.
While the article mentions TORM's high dividend yield, there is no specific news about a change in their dividend policy or financial performance that would directly impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Western Midstream's dividend of $0.57 per share reflects a solid yield of 8.32%. The company's dividends have decreased since 2019, but earnings growth suggests potential for future dividend increases.
The consistent dividend payments and the increase in earnings per share indicate financial health and commitment to shareholder returns, which is likely to be viewed positively by investors in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100