Equitrans Midstream Corp reported Q4 FY23 operating revenue of $360.6M, below estimate of $366.9M. Expenses flat, operating income up. The company's Board of Directors has been engaged in a process with third parties that have expressed interest in strategic transactions.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
As the day concludes, Equitrans Midstream (NYSE:ETRN) is preparing to distribute a dividend payout of $0.15 per share, resulting in an annualized dividend yield of 6.80%. This payout is exclusive to investors who held the stock before the ex-dividend date on November 02, 2023.