HESM Hess Midstream LP — dividend yield, history & ex-dividend dates
Hess Midstream LP specializes in the ownership, development, operation, and acquisition of energy infrastructure assets positioned midstream in the value chain. The company organizes its business activities into three distinct operational segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment manages systems for the collection and compression of natural gas, the transportation of crude oil, and the disposal of produced water. This extensive network comprises approximately 1,350 miles of pipelines designed for both high and low-pressure natural gas and natural gas liquids, with a daily capacity of about 450 million cubic feet. Additionally, it features around 550 miles of crude oil gathering pipelines. Within the Processing and Storage segment, key assets include the Tioga Gas Plant, located in Tioga, North Dakota, which performs natural gas processing and fractionation. The company also holds a 50% ownership interest in the Little Missouri 4 gas processing plant, situated in McKenzie County, North Dakota, south of the Missouri River. Furthermore, this segment oversees the Mentor Storage Terminal in Mentor, Minnesota, a facility encompassing a propane storage cavern and capabilities for rail and truck loading and unloading. The Terminaling and Export division encompasses the Ramberg terminal facility, the Tioga rail terminal, and a fleet of crude oil rail cars. It also operates the Johnson's Corner Header System, which is a network of crude oil pipelines. Hess Midstream LP was founded in 2014 and maintains its principal offices in Houston, Texas.
Dividend Snapshot
Research Scores
Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.
How the Dividend Safety Score is built for HESM
| Input | Value | Points | Weight |
|---|---|---|---|
| Earnings payout ratio | Earnings payout ratio 105% (TTM to Jun 30, 2026) | 18 | 20% |
| FCF payout ratio | FCF payout ratio 47% (TTM to Jun 30, 2026) | 100 | 25% |
| Net debt / EBITDA | Net debt / EBITDA 3.0x (TTM to Jun 30, 2026) | 60 | 15% |
| Interest coverage | Interest coverage 4.5x (TTM to Jun 30, 2026) | 63 | 10% |
| Dividend record | 9 years of uninterrupted regular payments | 66 | 20% |
| Earnings stability | Net income positive in 5 of the last 5 fiscal years (FY2021–FY2025) | 100 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
How the Dividend Growth Score is built for HESM
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | 5-year dividend CAGR 10.8% (2020–2025) | 100 | 25% |
| Consecutive annual increases | 7 consecutive annual increases (through 2025) | 68 | 20% |
| Payout headroom | Headroom from the earnings payout ratio 105% (TTM to Jun 30, 2026) | 0 | 20% |
| Earnings per share growth (3 years) | EPS CAGR 12.5% (FY2022–FY2025) | 100 | 15% |
| Revenue growth (3 years) | Revenue CAGR 8.3% (FY2022–FY2025) | 100 | 10% |
| 10-year dividend growth | N/A (not used) | N/A | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
How the Dividend Value Score is built for HESM
| Input | Value | Points | Weight |
|---|---|---|---|
| Yield vs own history | Current yield at the 98th percentile of its 99 month-end yields | 98 | 40% |
| P/E vs own 5-year median | P/E 10.6 is 0.71x its 5-year median of 14.9 | 89 | 25% |
| FCF yield | FCF yield 12.8% (TTM to Jun 30, 2026) | 100 | 20% |
| P/E vs peers | P/E 10.6 vs peer median 21.0 (0.50x; 50 corporation / Energy securities) | 100 | 15% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
Key Metrics
Current Yield
10.07%
At the Oct 29, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Dividend
$3.1940
Declared Oct 26, 2026
The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.Frequency
Q Quarterly
How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.RSI (14)
38
As of Oct 29, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$30.04 – $40.97
Closes through Oct 23, 2026
The lowest and highest price over the past year, showing where today's price sits in its recent range.Payout Ratio (TTM)
104.83%
12 months to Jun 30, 2026 (Q2 FY2026)
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
9
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
7.64
Price as of Oct 25, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Dividend Growth
Why the Yield Moved (90 Days)
HESM's dividend yield rose from 7.73% to 10.07% over the past ~90 days (+2.34 pp). Of that move, +0.12 pp came from changes in the dividend rate and +2.22 pp from the share price ($40.83 on Jul 31, 2026 → $31.71 on Oct 29, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 273 daily observations over the past 13 months (through Oct 23, 2026), HESM's current yield is higher than approximately 97% of them. Our stored price history for HESM covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Dividend History
Dividend Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.7985 Q | Regular upcoming, declared | Oct 26, 2026 | Nov 05, 2026 | Nov 05, 2026 | Nov 13, 2026 |
| $0.7888 Q | Regular | Jul 27, 2026 | Aug 06, 2026 | Aug 06, 2026 | Aug 14, 2026 |
| $0.7792 Q | Regular | Apr 27, 2026 | May 07, 2026 | May 07, 2026 | May 14, 2026 |
| $0.7641 Q | Regular | Jan 26, 2026 | Feb 05, 2026 | Feb 05, 2026 | Feb 13, 2026 |
| $0.7548 Q | Regular | Oct 27, 2025 | Nov 06, 2025 | Nov 06, 2025 | Nov 14, 2025 |
| $0.7370 Q | Regular | Jul 28, 2025 | Aug 07, 2025 | Aug 07, 2025 | Aug 14, 2025 |
| $0.7098 Q | Regular | Apr 28, 2025 | May 08, 2025 | May 08, 2025 | May 14, 2025 |
| $0.7012 Q | Regular | Jan 27, 2025 | Feb 06, 2025 | Feb 06, 2025 | Feb 14, 2025 |
| $0.6846 Q | Regular | Oct 28, 2024 | Nov 07, 2024 | Nov 07, 2024 | Nov 14, 2024 |
| $0.6677 Q | Regular | Jul 29, 2024 | Aug 08, 2024 | Aug 08, 2024 | Aug 14, 2024 |
| $0.6516 Q | Regular | Apr 22, 2024 | May 01, 2024 | May 02, 2024 | May 14, 2024 |
| $0.6343 Q | Regular | Jan 29, 2024 | Feb 07, 2024 | Feb 08, 2024 | Feb 14, 2024 |
| $0.6175 Q | Regular | Oct 23, 2023 | Nov 01, 2023 | Nov 02, 2023 | Nov 14, 2023 |
| $0.6011 Q | Regular | Jul 24, 2023 | Aug 02, 2023 | Aug 03, 2023 | Aug 14, 2023 |
| $0.5851 Q | Regular | Apr 24, 2023 | May 03, 2023 | May 04, 2023 | May 12, 2023 |
| $0.5700 Q | Regular | Jan 23, 2023 | Feb 01, 2023 | Feb 02, 2023 | Feb 13, 2023 |
| $0.5630 Q | Regular | Oct 24, 2022 | Nov 02, 2022 | Nov 03, 2022 | Nov 14, 2022 |
| $0.5560 Q | Regular | Jul 25, 2022 | Aug 03, 2022 | Aug 04, 2022 | Aug 12, 2022 |
| $0.5490 Q | Regular | Apr 25, 2022 | May 04, 2022 | May 05, 2022 | May 13, 2022 |
| $0.5167 Q | Regular | Jan 24, 2022 | Feb 02, 2022 | Feb 03, 2022 | Feb 14, 2022 |
| $0.5100 Q | Regular | Oct 25, 2021 | Nov 03, 2021 | Nov 04, 2021 | Nov 12, 2021 |
| $0.5040 Q | Regular | Jul 28, 2021 | Aug 06, 2021 | Aug 09, 2021 | Aug 13, 2021 |
| $0.4526 Q | Regular | Apr 23, 2021 | Apr 30, 2021 | May 03, 2021 | May 13, 2021 |
| $0.4471 Q | Regular | Jan 25, 2021 | Feb 03, 2021 | Feb 04, 2021 | Feb 12, 2021 |
| $0.4420 Q | Regular | Oct 26, 2020 | Nov 04, 2020 | Nov 05, 2020 | Nov 13, 2020 |
| $0.4363 Q | Regular | Jul 27, 2020 | Aug 05, 2020 | Aug 06, 2020 | Aug 14, 2020 |
| $0.4310 Q | Regular | Apr 23, 2020 | May 01, 2020 | May 04, 2020 | May 14, 2020 |
| $0.4258 Q | Regular | Jan 27, 2020 | Feb 05, 2020 | Feb 06, 2020 | Feb 14, 2020 |
| $0.4110 Q | Regular | Oct 24, 2019 | Nov 01, 2019 | Nov 04, 2019 | Nov 13, 2019 |
| $0.3970 Q | Regular | Jul 25, 2019 | Aug 02, 2019 | Aug 05, 2019 | Aug 13, 2019 |
| $0.3833 Q | Regular | Apr 23, 2019 | May 02, 2019 | May 03, 2019 | May 14, 2019 |
| $0.3700 Q | Regular | Jan 24, 2019 | Feb 01, 2019 | Feb 04, 2019 | Feb 13, 2019 |
| $0.3575 Q | Regular | Oct 25, 2018 | Nov 02, 2018 | Nov 05, 2018 | Nov 13, 2018 |
| $0.3450 Q | Regular | Jul 23, 2018 | Aug 01, 2018 | Aug 02, 2018 | Aug 13, 2018 |
| $0.3333 Q | Regular | Apr 24, 2018 | May 03, 2018 | May 04, 2018 | May 14, 2018 |
| $0.3220 Q | Regular | Jan 23, 2018 | Feb 01, 2018 | Feb 02, 2018 | Feb 13, 2018 |
| $0.3107 Q | Regular | Oct 24, 2017 | Nov 02, 2017 | Nov 03, 2017 | Nov 13, 2017 |
| $0.2703 Q | Regular | Jul 28, 2017 | Aug 02, 2017 | Aug 04, 2017 | Aug 14, 2017 |
Peer Comparison
Selected Oil & Gas Midstream dividend payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| WES | Western Midstream Partners, LP | 8.26% | 18.3% | 4 yrs | 76 |
| EE | Excelerate Energy, Inc. | 1.06% | N/A | 2 yrs | 70 |
| EPD | Enterprise Products Partners L.P. | 5.89% | 3.9% | 26 yrs | 70 |
| MPLX | MPLX Lp | 7.31% | 7.5% | 12 yrs | 69 |
Related Guides & Lists
HESM dividend — frequently asked questions
Does Hess Midstream LP pay a dividend?
Yes. Hess Midstream LP (HESM) currently pays a dividend. The annualized dividend is about $3.19 per share, a yield of approximately 10.07%.
What is Hess Midstream LP's dividend yield?
Hess Midstream LP's dividend yield is approximately 10.07%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does Hess Midstream LP pay dividends?
Hess Midstream LP pays dividends quarterly — 4 times per year.
When is Hess Midstream LP's next ex-dividend date?
The next declared ex-dividend date for Hess Midstream LP is November 5, 2026. The associated payment is $0.7985 per share; you must own the shares before the ex-dividend date to receive it.
How long has Hess Midstream LP paid dividends?
Hess Midstream LP has 9 years of dividend payments on record, and has increased its dividend for 7 consecutive years.
Data updated Oct 29, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.