SmarterDividends
WES

Western Midstream Partners, LP

WES

Energy · Oil & Gas Midstream · Stock · quarterly payer

$45.17

Undervalued · +65% Add to Portfolio

Forward Yield

8.24%

Annual Dividend

$3.72

Payout Ratio

116%

5-Yr Growth

23.7%

Ex-Date

Nov 2, 2026

Frequency

Quarterly

Key facts about WES's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Western Midstream Partners, LP (WES) has a forward dividend yield of 8.24%, based on an annual dividend of $3.72 per share and a share price of $45.17.
  • As of Oct 27, 2026, WES's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Western Midstream Partners, LP (WES) has raised its dividend for 5 consecutive years as of Oct 27, 2026.
  • WES last cut its regular dividend in 2020.
  • WES's next ex-dividend date is Nov 2, 2026, with payment on Nov 13, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, WES pays out 116% of its trailing 12-month earnings as dividends (its payout ratio).
  • WES's dividend has grown at an average rate of 23.7% a year over the past five years.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for WES is $74.55 per share, 65% above the $45.17 share price, so WES screens as undervalued.
  • Western Midstream Partners, LP (WES) pays its dividend quarterly, 4 times a year.
  • Western Midstream Partners, LP (WES) has raised its regular dividend 37 times and cut it 1 time across the 54 payments on record since 2013. Its most recent change was a 2.2% increase to $0.930 per share, going ex-dividend on May 1, 2026. The last cut went ex-dividend on Apr 30, 2020.
Cite this page

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

Summary

As of Oct 27, 2026, Western Midstream Partners, LP (WES) yields 8.24% ($3.72 a year per share), has a dividend safety grade of C (54/100) and has 5 consecutive years of dividend increases on record.

Is WES a good dividend stock?

Mixed

Western Midstream Partners, LP (WES) pays a quarterly dividend yielding 8.24% ($3.72/yr), with 5 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 23.7% 5-yr dividend growth
  • 135% total price return over 5 years

Risks

  • Cut its dividend in 2020
  • Elevated payout ratio (116%)
  • Very high yield can signal elevated risk

Key Data

Dividend Yield
8.24%
Payout Ratio
116%
Annual Dividend
$3.72
5-Yr Avg Growth
23.7%
Ex-Dividend Date
Nov 2, 2026
Years of Growth
5
Frequency
quarterly
Beta
0.71
Market Cap
$18.7B
P/E Ratio
14.3
5-Yr Total Return
135%
52-Week Range
$36.90 – $50.07
Dividend Safety
C · 54/100
Ever Cut?
Yes (2020)

WES dividend raises and cuts

Western Midstream Partners, LP (WES) has raised its regular dividend 37 times and cut it 1 time across the 54 payments on record since 2013. Its most recent change was a 2.2% increase to $0.930 per share, going ex-dividend on May 1, 2026. The last cut went ex-dividend on Apr 30, 2020.

Ex-dateChangeOld → newMove
May 1, 2026Raise$0.910 → $0.930+2.2%
May 2, 2025Raise$0.875 → $0.910+4.0%
Apr 30, 2024Raise$0.575 → $0.875+52.2%
Oct 31, 2023Raise$0.563 → $0.575+2.1%
Jul 28, 2023Raise$0.500 → $0.563+12.6%
Apr 29, 2022Raise$0.327 → $0.500+52.9%
Jan 28, 2022Raise$0.323 → $0.327+1.2%
Oct 29, 2021Raise$0.319 → $0.323+1.3%
Jul 29, 2021Raise$0.315 → $0.319+1.3%
Apr 29, 2021Raise$0.311 → $0.315+1.3%
Apr 30, 2020Cut$0.622 → $0.311−50.0%
Jan 30, 2020Raise$0.620 → $0.622+0.3%
Show all 38 changes since 2013
Ex-dateChangeOld → newMove
Oct 31, 2019Raise$0.618 → $0.620+0.3%
Jul 30, 2019Raise$0.610 → $0.618+1.3%
Apr 30, 2019Raise$0.603 → $0.610+1.2%
Jan 31, 2019Raise$0.595 → $0.603+1.3%
Oct 30, 2018Raise$0.583 → $0.595+2.1%
Jul 31, 2018Raise$0.569 → $0.583+2.5%
May 1, 2018Raise$0.538 → $0.569+5.8%
Nov 1, 2017Raise$0.528 → $0.538+1.9%
Jul 27, 2017Raise$0.491 → $0.528+7.5%
Apr 27, 2017Raise$0.463 → $0.491+6.0%
Jan 31, 2017Raise$0.448 → $0.463+3.3%
Oct 27, 2016Raise$0.434 → $0.448+3.2%
Jul 28, 2016Raise$0.424 → $0.434+2.4%
Apr 28, 2016Raise$0.404 → $0.424+5.0%
Jan 28, 2016Raise$0.381 → $0.404+6.0%
Oct 29, 2015Raise$0.364 → $0.381+4.7%
Jul 29, 2015Raise$0.343 → $0.364+6.1%
Apr 28, 2015Raise$0.313 → $0.343+9.6%
Jan 29, 2015Raise$0.291 → $0.313+7.6%
Oct 29, 2014Raise$0.271 → $0.291+7.4%
Jul 29, 2014Raise$0.250 → $0.271+8.4%
Apr 28, 2014Raise$0.231 → $0.250+8.2%
Jan 29, 2014Raise$0.214 → $0.231+7.9%
Oct 29, 2013Raise$0.198 → $0.214+8.1%
Jul 29, 2013Raise$0.179 → $0.198+10.6%
Apr 26, 2013Raise$0.0360 → $0.179+397.2%
Every WES payment →Download every raise and cut (CSV)
WES ex-dividend date & scheduleNext ex-date Nov 2, 2026 · full ex-dividend historyView →WES dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is WES a good dividend stock?

Mixed. Western Midstream Partners, LP (WES) pays a quarterly dividend yielding 8.24% ($3.72/yr), with 5 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is WES undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WES's fair value is about $74.55 versus a $45.17 share price — so it looks undervalued (+65% vs. fair value).

Is WES's dividend safe?

WES has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is WES's fair value?

Our blended fair-value estimate for WES is about $74.55 per share, roughly 65% above the current $45.17 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is WES a buy, hold, or sell?

We don't issue formal ratings, but on the data WES screens as "mixed" and undervalued. Western Midstream Partners, LP (WES) pays a quarterly dividend yielding 8.24% ($3.72/yr), with 5 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will WES cut its dividend?

WES earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does WES pay a dividend?

Yes. Western Midstream Partners, LP pays a quarterly dividend of about $3.72 per share annually, a forward yield of roughly 8.24%.

What is WES's dividend yield?

As of Oct 27, 2026, WES's forward dividend yield is 8.24%, based on a $3.72 annual dividend and a $45.17 share price.

What is WES's dividend per share?

As of Oct 27, 2026, WES pays $3.72 per share per year, distributed on a quarterly basis.

What is WES's dividend payout ratio?

As of Oct 27, 2026, WES's payout ratio is 116% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has WES grown its dividend?

As of Oct 27, 2026, WES has increased its dividend for 5 consecutive years.

When is the next WES ex-dividend date?

As of Oct 27, 2026, the next ex-dividend date on record for WES is Nov 2, 2026.

Income Calculator

At $3.72 / yr per share

Per payment (quarterly)$93.00
Annual$372.00
Monthly avg$31.00

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