DTM - DT Midstream: A 5.2% Dividend With A 41% Payout Ratio
2024-02-14 10:30:00 ET
Summary
- DT Midstream focuses on natural gas pipelines and storage assets and has historically grown its EBITDA even during downcycles.
- The company's share price has decreased by approximately 10% since its peak in Q4 2023.
- DT Midstream reported a strong distributable cash flow of $193M in Q3 2023 and expects a full-year DCFPS of approximately $6.70 at the low end of its guidance.
Introduction
DT Midstream ( DTM ) will publish its full-year results on Friday, February 16, before the open, but I didn’t want to wait for those results to check in on this midstream company. DT Midstream was spun off from DT Energy ( DTE ) and focuses on natural gas pipelines and storage assets....
DT Midstream: A 5.2% Dividend With A 41% Payout Ratio