Hess Midstream Partners LP (HESM) Raises Quarterly Dividend 2.4% to $0.7012; 7% Yield
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Hess Midstream LP Announces Distribution Per Share Level Increase
January 27, 2025 4:15 PM ESTHOUSTON--(BUSINESS WIRE)-- Hess Midstream LP (NYSE: HESM) (Hess Midstream), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7012 per Class A share for the quarter ended December 31, 2024, an increase of $0.0166 per Class A share as compared with the third quarter of 2024. This increase is supported by excess adjusted free cash flow after distributions from the reduction in total units following Hess Midstreams accretive $100 million unit repurchase in January 2025 and, on an annualized basis, is significantly above Hess Midstreams targeted 5% growth in annual distributions per... More
