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Data last updated: Oct 01, 2026
Snapshot (as of Oct 01, 2026): Western Midstream Partners, LP (WES) pays a $3.68 annual dividend ($0.93 quarterly), yielding 8.29% at $44.37/share. Next ex-dividend date 2026-07-31. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 8.29%
Annual Dividend: $3.68 per share
Payout Ratio: 117.7%
Ex-Dividend Date: 2026-07-31
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 14
Western Midstream Partners, LP dividend stands at $3.68 per share annually, backed by an energy infrastructure business that gathers, processes, and transports natural gas, NGLs, and crude oil across Texas, New Mexico, the Rocky Mountains, and north-central Pennsylvania. The current yield is 7.85%, paid quarterly, with the next ex-dividend date on July 31, 2026. The last dividend payment was $0.93 per share. A beta of 0.658 points to lower price volatility than the broader market, which suits income investors who prioritize yield over share price swings.
Western Midstream Partners, LP pays out 117.7% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning the partnership is currently paying more in distributions than it earns on a reported basis, which is a structural concern for Western Midstream Partners, LP dividend safety. The most significant pressure factor is that any sustained decline in throughput volumes across its gathering and processing operations in key basins like the Permian or DJ Basin could further strain coverage.
Western Midstream Partners, LP dividend history shows a CAGR of 15.7% per year from 2013 to 2025. Per-share payments grew from $0.63 in 2013 to $3.61 in 2025 (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 66.7% in 2014, though the data also contains at least one year-over-year decline exceeding 5%, so the growth path has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +25.4% | $1.83 (2022) | $3.60 (2025) |
| 5-Year | +18.3% | $1.55 (2020) | $3.60 (2025) |
| 10-Year | +9.9% | $1.40 (2015) | $3.60 (2025) |
WES stock fits dividend investors who prioritize current income from energy infrastructure assets and can tolerate an elevated payout ratio. The yield of 7.85% is classified as high (above 4%), and it sits well above the 5-year average yield of 5.29%, which reflects either a higher distribution level or a lower unit price relative to recent history. Four consecutive years of dividend increases show recent momentum, but the 117.7% payout ratio is the central trade-off: investors get a high cash yield from a partnership that processes and transports essential energy commodities, accepting above-average payout risk in exchange.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-31 | $0.9300 |
| 2026-05-01 | $0.9300 |
| 2026-02-02 | $0.9100 |
| 2025-10-31 | $0.9100 |
| 2025-08-01 | $0.9100 |
| 2025-05-02 | $0.9100 |
| 2025-02-03 | $0.8750 |
| 2024-11-01 | $0.8750 |
| 2024-08-01 | $0.8750 |
| 2024-04-30 | $0.8750 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.7700 |
| 2025 | $3.6050 |
| 2024 | $3.2000 |
| 2023 | $2.4935 |
| 2022 | $1.8270 |
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