'Low' Yield? No Problem! Why DT Midstream's 3.5% Dividend Packs A Punch [Seeking Alpha]
DT Midstream, Inc. (DTM)
Company Research
Source: Seeking Alpha
13min Summary DT Midstream offers a stable revenue stream with 90% of income from take-or-pay contracts, shielding it from volatile commodity prices. Despite a lower 3.5% yield, DTM impresses with 7% annual dividend growth and a strong 2.4x coverage ratio. The company's strategic positioning in key natural gas basins and internally funded growth projects promise long-term value. While DTM is near fair value, its disciplined approach to growth and reliable income make it a compelling long-term investment. Looking for more investing ideas like this one? Get them exclusively at iREIT®+HOYA Capital. Learn More » CiydemImages Introduction When it comes to buying midstream stocks, most investors have one thing in common: they are looking for income. Although there is a good case to be made for long-term capital gains, as the midstream industry went through a major Test Drive iREIT© on Alpha For FREE (for 2 Weeks) Join iREIT on Alpha today to get the most in-depth re
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DTM
News
- DT Midstream Announces Pricing of Offering of Senior Secured NotesGlobeNewswire
- DT Midstream, Inc. (NYSE: DTM) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $115.00 price target on the stock, up previously from $90.00.MarketBeat
- ONEOK to Sell Three Interstate Natural Gas Pipeline Systems for $1.2B [Yahoo! Finance]Yahoo! Finance
- DT Midstream Announces Pricing of Upsized Public Offering of Common StockGlobeNewswire
- CORRECTION - DT Midstream Announces $1.2 Billion Acquisition of Strategic Midwest FERC-Regulated Natural Gas Pipelines [Yahoo! Finance]Yahoo! Finance
DTM
Earnings
- 10/29/24 - Beat
DTM
Sec Filings
- 11/22/24 - Form 8-K
- 11/21/24 - Form 8-K
- 11/21/24 - Form 424B5
- DTM's page on the SEC website