Western Midstream (WES) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $3.68
- Forward yield
- 8.21%
- Payout ratio
- 115.7%
- Growth streak
- 3 years
Western Midstream pays a quarterly distribution of $0.93 per unit. Its most recent distribution had an ex-date of July 31, 2026 and was paid on August 14, 2026. Over the trailing twelve months, it paid $3.68 per unit, a yield of about 7.96% at a price of $46.23.
The rate has moved up in several steps. It was $0.33 in early 2022 and $0.50 from April 2022, then $0.56 in July 2023 and $0.58 in October 2023. In April 2024 it rose to $0.88, about 52% above $0.58. Since then, smaller increases have come with the distribution that goes ex-dividend in late April or early May: $0.91 in 2025 and $0.93 in 2026. April 2023 also shows a second payment of $0.36 on the same ex-date as the regular $0.50. Distributions by calendar year rose from $1.83 in 2022 to $2.50 in 2023, which includes that extra payment, $3.22 in 2024 and $3.61 in 2025. The source gives a growth streak of three years.
If the pattern holds, the next distribution would go ex-dividend around the end of October 2026 and be paid in mid-November. Recent increases have come with the spring distribution, not the autumn one.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Jul 17, 2026 | Jul 31, 2026 | Aug 14, 2026 | $0.93 |
| Apr 20, 2026 | May 1, 2026 | May 15, 2026 | $0.93 |
| Jan 23, 2026 | Feb 2, 2026 | Feb 13, 2026 | $0.91 |
| Oct 17, 2025 | Oct 31, 2025 | Nov 14, 2025 | $0.91 |
| Jul 21, 2025 | Aug 1, 2025 | Aug 14, 2025 | $0.91 |
| Apr 21, 2025 | May 2, 2025 | May 15, 2025 | $0.91 |
| Jan 24, 2025 | Feb 3, 2025 | Feb 14, 2025 | $0.88 |
| Oct 17, 2024 | Nov 1, 2024 | Nov 14, 2024 | $0.88 |
| Jul 18, 2024 | Aug 1, 2024 | Aug 14, 2024 | $0.88 |
| Apr 18, 2024 | Apr 30, 2024 | May 15, 2024 | $0.88 |
| Jan 22, 2024 | Jan 31, 2024 | Feb 13, 2024 | $0.58 |
| Oct 19, 2023 | Oct 31, 2023 | Nov 13, 2023 | $0.58 |
| Jul 21, 2023 | Jul 28, 2023 | Aug 14, 2023 | $0.56 |
| Apr 18, 2023 | Apr 28, 2023 | May 15, 2023 | $0.36 |
| Apr 18, 2023 | Apr 28, 2023 | May 15, 2023 | $0.50 |
| Jan 20, 2023 | Jan 31, 2023 | Feb 13, 2023 | $0.50 |
| Oct 21, 2022 | Oct 28, 2022 | Nov 14, 2022 | $0.50 |
| Jul 21, 2022 | Jul 29, 2022 | Aug 12, 2022 | $0.50 |
| Apr 21, 2022 | Apr 29, 2022 | May 13, 2022 | $0.50 |
| Jan 21, 2022 | Jan 28, 2022 | Feb 14, 2022 | $0.33 |
Frequently asked questions
Does Western Midstream (WES) pay a dividend?
Yes. Western Midstream pays a quarterly dividend; the most recent payment was $0.93 per share.
What is WES's dividend yield?
Western Midstream paid $3.68 per share over the trailing twelve months, a yield of 8.21% at the last price of $44.82. Click here to learn more
When is WES's most recent ex-dividend date?
Western Midstream's most recent ex-dividend date is Jul 31, 2026, payable on Aug 14, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has WES been raising its dividend?
Yes — Western Midstream has increased its dividend for 3 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.