Hess Midstream Partners LP Dividends
The next dividend date for Hess Midstream Partners LP has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Hess Midstream Partners LP (HESM)
More About Hess Midstream Partners LP
Hess Midstream LP owns, operates, develops, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,415 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 675 million cubic feet per day; crude oil gathering system comprises approximately 590 miles of crude oil gathering pipelines; and produced water gathering system that includes approximately 330 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota; and Terminaling and Export segment that owns Ramberg terminal facility, the Tioga rail terminal, crude oil rail cars, and other Dakota access pipeline connections, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was formerly known as Hess Midstream Partners LP and changed its name to Hess Midstream LP in December 2019. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.
Owning Hess Midstream Partners LP Stock on the Dividend Date
If you own Hess Midstream Partners LP stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Hess Midstream Partners LP stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Hess Midstream Partners LP stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Hess Midstream Partners LP stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Hess Midstream Partners LP dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Hess Midstream Partners LP Dividends
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