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WES Western Midstream Partners, LP — dividend yield, history & ex-dividend dates

NYSE· Quarterly dividend· Common Stock · Energy / Oil & Gas Midstream

$45.03 ▼ $-0.28(-0.62%) as of Oct 29, 2026 06:20 UTC
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Western Midstream Partners, LP, an energy infrastructure company operating with its subsidiaries, primarily acquires, owns, develops, and manages assets across the United States. Its core functions include the collection, compression, treatment, processing, and transportation of natural gas. The firm also handles the gathering, stabilization, and conveyance of condensate, natural gas liquids (NGLs), and crude oil, alongside the collection and disposal of water generated during production. Additionally, it engages in the buying and selling of natural gas, NGLs, and condensate. Western Midstream maintains operations in significant regions such as Texas, New Mexico, the Rocky Mountains, and north-central Pennsylvania. Western Midstream Holdings, LLC functions as its general partner. Formed in 2007, the company is headquartered in The Woodlands, Texas, and rebranded from Western Gas Equity Partners, LP to its current name in February 2019.

Dividend Snapshot

StatusGrowing
Last Dividend$0.9300Paid Aug 14, 2026
Forward Annual$3.72From the $0.9300 dividend declared Oct 19, 2026
FrequencyQuarterly
Last Ex-DateJul 31, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateNov 02, 2026$0.9300, declared Oct 19, 2026The ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.
Next Pay DateNov 13, 2026
1-Yr Growth12.7%Annual totals, 2024–2025
10-Yr Growth9.9%Annual totals, 2015–2025

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.

Dividend Safety Score

82/100

Very strong indicators

Complete data

Dividend Growth Score

85/100

Very strong growth record

Complete data

Dividend Value Score

58/100

Near own historical valuation

Complete data

DividendRank

76/100

Upper middle of the scale

Complete data

How the Dividend Safety Score is built for WES
Dividend Safety Score inputs, points and weights
InputValuePointsWeight
Operating cash flow payout ratioOperating cash flow payout ratio 68% (TTM to Mar 31, 2026) 92 35%
Net debt / EBITDANet debt / EBITDA 3.7x (TTM to Mar 31, 2026) 82 25%
Interest coverageInterest coverage, EBITDA basis 11.8x (TTM to Mar 31, 2026) 93 10%
Dividend record13 years of uninterrupted regular payments; last cut Apr 30, 2020 (-50.0%), within 10 years: capped at 50 50 20%
Operating cash flow stabilityOperating cash flow 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: master limited partnership. Formula version 2026-10-19.4.

How the Dividend Growth Score is built for WES
Dividend Growth Score inputs, points and weights
InputValuePointsWeight
5-year dividend growth5-year dividend CAGR 18.3% (2020–2025) 100 25%
Consecutive annual increases4 consecutive annual increases (through 2025) 52 20%
Payout headroomHeadroom from the operating cash flow payout ratio 68% (TTM to Mar 31, 2026) 85 20%
Operating cash flow per share growth (3 years)Operating cash flow per share CAGR 8.3% (FY2022–FY2025) 91 15%
Revenue growth (3 years)Revenue CAGR 5.7% (FY2022–FY2025) 86 10%
10-year dividend growth10-year dividend CAGR 9.9% (2015–2025) 100 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: master limited partnership. Formula version 2026-10-19.4.

How the Dividend Value Score is built for WES
Dividend Value Score inputs, points and weights
InputValuePointsWeight
Yield vs own historyCurrent yield at the 66th percentile of its 119 month-end yields 66 40%
P/OCF vs own 5-year medianP/OCF 8.4 is 1.23x its 5-year median of 6.8 23 25%
Operating cash flow yieldOperating cash flow yield 11.6% (TTM to Mar 31, 2026) 91 20%
P/OCF vs peersP/OCF 8.4 vs peer median 8.4 (1.00x; 11 mlp / Energy securities) 50 15%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: master limited partnership. Formula version 2026-10-19.4.

Key Metrics

Current Yield

8.26%

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

$3.7200

Declared Oct 19, 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)

46

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

$37.34 – $49.80

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)

117.73%

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

13

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)

4.22

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

S.A.F.E. is a set of four checks on a dividend's record and the company's data, the same test used across the screener and our ranked lists. Solid: a Dividend Safety Score of 70+ and a yield of 2%+. Accelerating: at least three consecutive completed calendar years of higher total regular dividends. Flawless: since 1990, no calendar year whose total regular dividend fell more than 20% below the year before, and no suspension. Enduring: at least 20 years between the first and latest dividend in our records. All four met earns the S.A.F.E. flag.
S Solid
Meets the Solid check: Dividend Safety Score 82/100 and yield 8.26%.
A Accelerating
4 consecutive years of dividend increases.
F Flawless
A calendar year's regular dividend total fell more than 20% below the year before.
E Enduring
13 year(s) of payments on record, under the 20 this check looks for.

Quote & Key Data

ExchangeNYSEThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume1,468,288Oct 23, 2026 sessionHow many shares changed hands in the trading session dated beside this figure, a rough read on trading activity. Daily bars are refreshed on a slower cycle than the quoted price, so this session can be older than the price above.
Open$44.72Oct 23, 2026 sessionThe price at the start of the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Day Range$44.56 – $45.39Oct 23, 2026 sessionThe lowest and highest price during the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Prev Close$44.46Close of Oct 22, 2026The closing price from the session before the one dated beside these figures.
Market Cap$18.61BAs of Oct 29, 2026The company's total market value (share price times shares outstanding) on the date shown.
Shares Out413.17MImplied by market cap, Oct 29, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPS (TTM)$3.1812 months to Jun 30, 2026 (Q2 FY2026)Earnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/E (TTM)14.1Price as of Oct 25, 2026; earnings to Jun 30, 2026Price-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Last Ex-DateJul 31, 2026Paid Aug 14, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateNov 02, 2026Pays Nov 13, 2026; declaredThe ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.

Dividend Growth

3-Yr Growth (CAGR)25.4%Annual totals, 2022–2025The dividend's average annual growth rate over the period, compounded.
5-Yr Growth (CAGR)18.3%Annual totals, 2020–2025The dividend's average annual growth rate over the period, compounded.
Consecutive Increases4 yrsAnnual totals through 2025The number of consecutive years the dividend has increased.

How often a record like this ends in a cut

Years the payout rose10Since Jan 2013
Rank among payers1096of 2,430 with a record
Years it fell over 20%1in 12 comparable years
Of peers with 10 to 24 up years75%also cut at some point

WES has raised its annual dividend in 10 separate years since January 2013, which ranks 1096 among the 2,430 payers with a comparable record in our dataset. In 1 year the annual total fell by more than a fifth.

Of the 878 companies we track with 10 to 24 years of increases, 661 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 277 of 1078 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.

Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.

Why the Yield Moved (90 Days)

WES's dividend yield rose from 7.99% to 8.26% over the past ~90 days (+0.27 pp). Of that move, +0.00 pp came from changes in the dividend rate and +0.27 pp from the share price ($46.57 on Jul 31, 2026 → $45.03 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

Current8.26%
1-Yr Average8.60%
Low / High7.47% – 9.77%
Percentile27%

Across 273 daily observations over the past 13 months (through Oct 23, 2026), WES's current yield is higher than approximately 27% of them. Our stored price history for WES 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
$0.9300 Q Regular upcoming, declared Oct 19, 2026 Nov 02, 2026 Nov 02, 2026 Nov 13, 2026
$0.9300 Q Regular Jul 17, 2026 Jul 31, 2026 Jul 31, 2026 Aug 14, 2026
$0.9300 Q Regular Apr 20, 2026 May 01, 2026 May 01, 2026 May 15, 2026
$0.9100 Q Regular Jan 23, 2026 Feb 02, 2026 Feb 02, 2026 Feb 13, 2026
$0.9100 Q Regular Oct 17, 2025 Oct 31, 2025 Oct 31, 2025 Nov 14, 2025
$0.9100 Q Regular Jul 21, 2025 Aug 01, 2025 Aug 01, 2025 Aug 14, 2025
$0.9100 Q Regular Apr 21, 2025 May 02, 2025 May 02, 2025 May 15, 2025
$0.8750 Q Regular Jan 24, 2025 Feb 03, 2025 Feb 03, 2025 Feb 14, 2025
$0.8750 Q Regular Oct 17, 2024 Nov 01, 2024 Nov 01, 2024 Nov 14, 2024
$0.8750 Q Regular Jul 18, 2024 Aug 01, 2024 Aug 01, 2024 Aug 14, 2024
$0.8750 Q Regular Apr 18, 2024 Apr 30, 2024 May 01, 2024 May 15, 2024
$0.5750 Q Regular Jan 22, 2024 Jan 31, 2024 Feb 01, 2024 Feb 13, 2024
$0.5750 Q Regular Oct 19, 2023 Oct 31, 2023 Nov 01, 2023 Nov 13, 2023
$0.5625 S Regular Jul 21, 2023 Jul 28, 2023 Jul 31, 2023 Aug 14, 2023
$0.8560 S Regular Apr 20, 2023 Apr 28, 2023 May 01, 2023 May 15, 2023
$0.5000 Q Regular Jan 20, 2023 Jan 31, 2023 Feb 01, 2023 Feb 13, 2023
$0.5000 Q Regular Oct 21, 2022 Oct 28, 2022 Oct 31, 2022 Nov 14, 2022
$0.5000 Q Regular Jul 21, 2022 Jul 29, 2022 Aug 01, 2022 Aug 12, 2022
$0.5000 Q Regular Apr 21, 2022 Apr 29, 2022 May 02, 2022 May 13, 2022
$0.3270 Q Regular Jan 21, 2022 Jan 28, 2022 Jan 31, 2022 Feb 14, 2022
$0.3230 Q Regular Oct 22, 2021 Oct 29, 2021 Nov 01, 2021 Nov 12, 2021
$0.3190 Q Regular Jul 20, 2021 Jul 29, 2021 Jul 30, 2021 Aug 13, 2021
$0.3150 Q Regular Apr 20, 2021 Apr 29, 2021 Apr 30, 2021 May 14, 2021
$0.3110 Q Regular Jan 18, 2021 Jan 29, 2021 Feb 01, 2021 Feb 12, 2021
$0.3110 Q Regular Oct 20, 2020 Oct 29, 2020 Oct 30, 2020 Nov 13, 2020
$0.3110 Q Regular Jul 16, 2020 Jul 30, 2020 Jul 31, 2020 Aug 13, 2020
$0.3110 Q Regular Apr 20, 2020 Apr 30, 2020 May 01, 2020 May 14, 2020
$0.6220 Q Regular Jan 20, 2020 Jan 30, 2020 Jan 31, 2020 Feb 13, 2020
$0.6200 Q Regular Oct 17, 2019 Oct 31, 2019 Nov 01, 2019 Nov 13, 2019
$0.6180 Q Regular Jul 18, 2019 Jul 30, 2019 Jul 31, 2019 Aug 13, 2019
$0.6100 Q Regular Apr 19, 2019 Apr 30, 2019 May 01, 2019 May 14, 2019
$0.6025 Q Regular Jan 22, 2019 Jan 31, 2019 Feb 01, 2019 Feb 21, 2019
$0.5950 Q Regular Oct 17, 2018 Oct 30, 2018 Oct 31, 2018 Nov 13, 2018
$0.5825 Q Regular Jul 17, 2018 Jul 31, 2018 Aug 01, 2018 Aug 13, 2018
$0.5687 Q Regular Apr 17, 2018 May 01, 2018 May 02, 2018 May 14, 2018
$0.5487 Q Regular Jan 19, 2018 Jan 31, 2018 Feb 01, 2018 Feb 22, 2018
$0.5375 Q Regular Oct 13, 2017 Nov 01, 2017 Nov 02, 2017 Nov 22, 2017
$0.5275 Q Regular Jul 21, 2017 Jul 27, 2017 Jul 31, 2017 Aug 11, 2017
$0.4913 Q Regular Apr 24, 2017 Apr 27, 2017 May 01, 2017 May 12, 2017
$0.4625 Q Regular Jan 18, 2017 Jan 31, 2017 Feb 02, 2017 Feb 13, 2017
$0.4475 Q Regular Oct 19, 2016 Oct 27, 2016 Oct 31, 2016 Nov 10, 2016
$0.4338 Q Regular Jul 21, 2016 Jul 28, 2016 Aug 01, 2016 Aug 12, 2016
$0.4238 Q Regular Apr 25, 2016 Apr 28, 2016 May 02, 2016 May 13, 2016
$0.4037 Q Regular Jan 22, 2016 Jan 28, 2016 Feb 01, 2016 Feb 11, 2016
$0.3812 Q Regular Oct 15, 2015 Oct 29, 2015 Nov 02, 2015 Nov 12, 2015
$0.3638 Q Regular Jul 17, 2015 Jul 29, 2015 Jul 31, 2015 Aug 12, 2015
$0.3425 Q Regular Apr 21, 2015 Apr 28, 2015 Apr 30, 2015 May 13, 2015
$0.3125 Q Regular Jan 22, 2015 Jan 29, 2015 Feb 02, 2015 Feb 12, 2015
$0.2913 Q Regular Oct 21, 2014 Oct 29, 2014 Oct 31, 2014 Nov 13, 2014
$0.2712 Q Regular Jul 18, 2014 Jul 29, 2014 Jul 31, 2014 Aug 13, 2014
$0.2500 Q Regular Apr 17, 2014 Apr 28, 2014 Apr 30, 2014 May 14, 2014
$0.2313 Q Regular Jan 21, 2014 Jan 29, 2014 Jan 31, 2014 Feb 12, 2014
$0.2137 Q Regular Oct 17, 2013 Oct 29, 2013 Oct 31, 2013 Nov 12, 2013
$0.1975 Q Regular Jul 18, 2013 Jul 29, 2013 Jul 31, 2013 Aug 12, 2013
$0.1787 Q Regular Apr 19, 2013 Apr 26, 2013 Apr 30, 2013 May 13, 2013
$0.0359 Q Regular Jan 24, 2013 Jan 30, 2013 Feb 01, 2013 Feb 12, 2013

Peer Comparison

Selected Oil & Gas Midstream dividend payers we cover, strongest DividendRank first — for context, not a recommendation.

TickerNameYield5-Yr GrowthStreakRank
HESM Hess Midstream LP 10.07% 10.8% 7 yrs 77
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

WES dividend — frequently asked questions

Does Western Midstream Partners, LP pay a dividend?

Yes. Western Midstream Partners, LP (WES) currently pays a dividend. The annualized dividend is about $3.72 per share, a yield of approximately 8.26%.

What is Western Midstream Partners, LP's dividend yield?

Western Midstream Partners, LP's dividend yield is approximately 8.26%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.

How often does Western Midstream Partners, LP pay dividends?

Western Midstream Partners, LP pays dividends quarterly — 4 times per year.

When is Western Midstream Partners, LP's next ex-dividend date?

The next declared ex-dividend date for Western Midstream Partners, LP is November 2, 2026. The associated payment is $0.9300 per share; you must own the shares before the ex-dividend date to receive it.

How long has Western Midstream Partners, LP paid dividends?

Western Midstream Partners, LP has 13 years of dividend payments on record, and has increased its dividend for 4 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.