DT Midstream: A 5.2% Dividend With A 41% Payout Ratio

Feb. 14, 2024 10:30 AM ETDT Midstream, Inc. (DTM) StockDTE, DTM5 Comments

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.
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Valves at gas plant,pressure safety valve,selective focus.Background for business.

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Introduction

DT Midstream (NYSE: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

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in DTM over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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