EX-Dividend Schedule: EQT Midstream Partners Has a Dividend Yield of 5.36%; Will Trade Ex-Dividend on February 01, 2018
LONDON, UK / ACCESSWIRE / January 31, 2018 / Active-Investors has a free review on EQT Midstream Partners, L.P. (NYSE: EQM) (“EQM”) following the Company’s announcement that it will begin trading ex-dividend on February 01, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 31, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on EQM:
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Dividend Declared
On January 18, 2018, EQT Midstream Partners declared a quarterly cash distribution of $1.025 per unit for the fourth quarter of 2017. The distribution will be paid on February 14, 2018, to all EQM’S unit-holders of record at the close of business on February 02, 2018. The Company’s quarterly cash distribution is 5% higher than Q3 2017, and 21% higher compared to Q4 2016.
EQT Midstream Partners’ indicated dividend represents a yield of 5.36%, which is more than double compared to the average dividend yield of 2.17% for the Basic Materials sector. The Company has raised dividend for five consecutive years.
Dividend Insight
EQT Midstream Partners has a dividend payout ratio of 77.1%, which means that the Company spends approximately $0.77 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts’ estimates, EQT Midstream Partners is forecasted to report earnings of $5.77 for the next year, which is substantially above the Company’s annualized dividend of $4.10 per share.
For the nine months ended September 30, 2017, EQT Midstream Partners’ net cash provided by operating activities totaled $480.20 million compared to $380.02 million for the year ago same period. For the three months ended September 30, 2017, the Company reported distributable cash flow of $150.4 million. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About EQT Midstream Partners, L.P.
EQT Midstream Partners is a growth-oriented limited partnership formed by EQT Corporation to own, operate, acquire, and develop midstream assets in the Appalachian Basin. The Partnership provides midstream services to EQT Corporation and third-party companies through its strategically located transmission, storage, and gathering systems that service the Marcellus and Utica regions. The Partnership owns approximately 950 miles of FERC-regulated interstate pipelines; and also owns approximately 1,800 miles of high- and low-pressure gathering lines.
Stock Performance Snapshot
January 30, 2018 – At Tuesday’s closing bell, EQT Midstream Partners’ stock declined 1.40%, ending the trading session at $73.49.
Volume traded for the day: 327.72 thousand shares, which was above the 3-month average volume of 295.67 thousand shares.
Stock performance in the last month – up 0.20%; previous three-month period – up 2.25%; and year-to-date – up 0.53%
After yesterday’s close, EQT Midstream Partners’ market cap was at $6.03 billion.
Price to Earnings (P/E) ratio was at 14.06.
The stock has a dividend yield of 5.58%.
The stock is part of the Basic Materials sector, categorized under the Oil & Gas Pipelines industry.
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