SmarterDividends
HESM

Hess Midstream LP

HESM

Energy · Oil & Gas Midstream · Stock · quarterly payer

$31.18

Undervalued · +46% Add to Portfolio

Forward Yield

9.90%

Annual Dividend

$3.09

Payout Ratio

105%

5-Yr Growth

10.8%

Ex-Date

Aug 6, 2026

Frequency

Quarterly

Key facts about HESM's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Hess Midstream LP (HESM) has a forward dividend yield of 9.90%, based on an annual dividend of $3.09 per share and a share price of $31.18.
  • As of Oct 27, 2026, HESM's dividend safety grade from SmarterDividends is B (66 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Hess Midstream LP (HESM) has raised its dividend for 8 consecutive years as of Oct 27, 2026.
  • HESM has never cut its regular dividend in the payment history SmarterDividends has on record.
  • HESM's most recent ex-dividend date was Aug 6, 2026, for a dividend of $0.79 per share.
  • As of Oct 27, 2026, HESM pays out 105% of its trailing 12-month earnings as dividends (its payout ratio).
  • HESM's dividend has grown at an average rate of 10.8% a year over the past five years.
  • As of Oct 27, 2026, HESM's 9.90% yield is 30% above its five-year average yield of 7.62%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for HESM is $45.41 per share, 46% above the $31.18 share price, so HESM screens as undervalued.
  • Hess Midstream LP (HESM) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "HESM Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/HESM

Summary

As of Oct 27, 2026, Hess Midstream LP (HESM) yields 9.90% ($3.09 a year per share), has a dividend safety grade of B (66/100) and has 8 consecutive years of dividend increases on record.

Is HESM a good dividend stock?

Yes, with caveats

Hess Midstream LP (HESM) pays a quarterly dividend yielding 9.90% ($3.09/yr), with 8 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record
  • Strong 10.8% 5-yr dividend growth

Risks

  • Elevated payout ratio (105%)
  • Very high yield can signal elevated risk

Key Data

Dividend Yield
9.90%
Payout Ratio
105%
Annual Dividend
$3.09
5-Yr Avg Growth
10.8%
Ex-Dividend Date
Aug 6, 2026
Years of Growth
8
Frequency
quarterly
Beta
0.56
Market Cap
$6.4B
P/E Ratio
10.8
5-Yr Total Return
24%
52-Week Range
$29.52 – $41.44
Dividend Safety
B · 66/100
Ever Cut?
No

HESM dividend changes

Hess Midstream LP (HESM) pays a variable dividend: across the 37 payments on record since 2017, 36 were higher than the one before and 0 lower. The latest change was up 1.3% to $0.789 per share, going ex-dividend on Aug 6, 2026.

Ex-dateChangeOld → newMove
Aug 6, 2026Higher$0.779 → $0.789+1.3%
May 7, 2026Higher$0.764 → $0.779+2.0%
Feb 5, 2026Higher$0.755 → $0.764+1.2%
Nov 6, 2025Higher$0.737 → $0.755+2.4%
Aug 7, 2025Higher$0.710 → $0.737+3.8%
May 8, 2025Higher$0.701 → $0.710+1.3%
Feb 6, 2025Higher$0.685 → $0.701+2.3%
Nov 7, 2024Higher$0.668 → $0.685+2.5%
Aug 8, 2024Higher$0.652 → $0.668+2.5%
May 1, 2024Higher$0.634 → $0.652+2.8%
Feb 7, 2024Higher$0.618 → $0.634+2.6%
Nov 1, 2023Higher$0.601 → $0.618+2.8%
Every HESM payment →Download every raise and cut (CSV)
HESM ex-dividend date & scheduleNext ex-date Aug 6, 2026 · full ex-dividend historyView →HESM dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is HESM a good dividend stock?

Yes, with caveats. Hess Midstream LP (HESM) pays a quarterly dividend yielding 9.90% ($3.09/yr), with 8 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is HESM undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HESM's fair value is about $45.41 versus a $31.18 share price — so it looks undervalued (+46% vs. fair value).

Is HESM's dividend safe?

HESM has a dividend-safety grade of B (66/100), based on its payout coverage, free-cash-flow, 8-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is HESM's fair value?

Our blended fair-value estimate for HESM is about $45.41 per share, roughly 46% above the current $31.18 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is HESM a buy, hold, or sell?

We don't issue formal ratings, but on the data HESM screens as "yes, with caveats" and undervalued. Hess Midstream LP (HESM) pays a quarterly dividend yielding 9.90% ($3.09/yr), with 8 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will HESM cut its dividend?

HESM earns a dividend-safety grade of B (66/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does HESM pay a dividend?

Yes. Hess Midstream LP pays a quarterly dividend of about $3.09 per share annually, a forward yield of roughly 9.90%.

What is HESM's dividend yield?

As of Oct 27, 2026, HESM's forward dividend yield is 9.90%, based on a $3.09 annual dividend and a $31.18 share price.

What is HESM's dividend per share?

As of Oct 27, 2026, HESM pays $3.09 per share per year, distributed on a quarterly basis.

What is HESM's dividend payout ratio?

As of Oct 27, 2026, HESM's payout ratio is 105% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has HESM grown its dividend?

As of Oct 27, 2026, HESM has increased its dividend for 8 consecutive years.

When is the next HESM ex-dividend date?

As of Oct 27, 2026, HESM's next ex-dividend date hasn't been announced. The most recent was Aug 6, 2026, for $0.79 per share.

HESM Dividend News

HESM
IncreaseHESM·Aug 27, 2026

Hess Midstream Raises Quarterly Distribution 1.28%

Hess Midstream increased its quarterly distribution to $0.789 per share, extending its growth streak to eight consecutive years.

Income Calculator

At $3.09 / yr per share

Per payment (quarterly)$77.25
Annual$309.00
Monthly avg$25.75

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