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DT Midstream Raises Quarterly Dividend 7.3% to 88 Cents

Detroit-based DT Midstream announced on Thursday that its board has approved a 7.3% increase to its quarterly cash dividend, raising the payout to 88 cents per share. The move signals a strengthened commitment to shareholder returns as the natural gas infrastructure provider maintains its growth trajectory.

DT Midstream Raises Quarterly Dividend 7.3% to 88 Cents

The revised distribution, up from the previous 82 cents, brings the total annual payout to $3.52 per share. Based on Wednesday’s closing stock price of $133.48, the new dividend represents an annual yield of approximately 2.64%, a step up from the prior 2.46%.

Distribution Timeline and Yield Impact

According to the company, the increased dividend is scheduled for payment on April 15. Investors must be shareholders of record by the close of business on March 16 to be eligible for the upcoming distribution.

As an independent midstream operator based in Detroit, DT Midstream manages a diverse portfolio of natural gas pipelines, storage, and gathering assets. The decision to boost the dividend reflects management’s confidence in the company’s cash flow stability and its ability to return capital to investors while navigating the shifting North American energy market.

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