Western Midstream Partners As of July 20, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
WES $1.26 1.3% -49.8% 4.2%
Business yield Hike yrs 5 yr CAGR freq. paid since
Midstream MLP 6.4% 1 -6.8% Quarter 2013
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Western Midstream Partners hikes distribution by 1.3%

Western Midstream Partners LP (WES) will raise its distribution by 1.3 percent to 31.5 cents quarterly in 2021. The MLP last lowered its quarterly distribution by 50.0 percent to 31.1 cents per unit in 2020. 

The next distribution is payable on May 14, 2021, to unitholders of record at the close of business on April 30, 2021. The new annual distribution of $1.26 per unit yields 6.6% at a stock price of $19.42.

Western Midstream Partners, LP, formerly Western Gas Equity Partners, LP (WGP), is a growth-oriented Delaware master limited partnership formed by Anadarko Petroleum Corporation to acquire, own, develop and operate midstream assets. With midstream assets located in the Rocky Mountains, North-central Pennsylvania, Texas and New Mexico, WES is engaged in the business of gathering, compressing, treating, processing and transporting natural gas; gathering, stabilizing and transporting condensate, natural gas liquids ("NGLs") and crude oil; and gathering and disposing of produced water for Anadarko, as well as for third-party customers. In addition, in its capacity as a processor of natural gas, WES also buys and sells natural gas, NGLs and condensate on behalf of itself and as agent for its customers under certain of its contracts.

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Ex-date Ticker Yield YTD hike
Jul 26 FAST 2.1% 12.0%
Jul 26 BK 2.8% 9.7%
Jul 26 COO 0.0% 0.0%
Jul 27 CLX 2.5% 4.5%
Jul 28 MMC 1.5% 15.1%
Jul 28 FRC 0.5% 10.0%
Jul 29 COST 0.8% 12.9%
Jul 29 PFE 3.8% 0.0%
Jul 29 CFG 3.7% 0.0%
Jul 29 LNT 2.8% 5.9%