The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Jul 03, 2026
Dividend Yield: 8.38%
Annual Dividend: $3.66 per share
Payout Ratio: 122.2%
Ex-Dividend Date: 2026-05-01
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 14
Western Midstream Partners, LP dividend stands out in the energy infrastructure space, where the partnership gathers, compresses, processes, and transports natural gas, NGLs, and crude oil across Texas, New Mexico, the Rocky Mountains, and north-central Pennsylvania. The current yield is 8.51%, well above what most income-focused investors encounter in the broader market. WES pays quarterly, with a trailing annual dividend rate of $3.66 per share and an ex-dividend date of May 1, 2026. At a beta of 0.65, WES stock carries below-average price volatility, which appeals to income investors who want yield without sharp swings.
Western Midstream Partners, LP pays out 122.2% of earnings as dividends, a payout ratio classified as high (above 75%). The partnership's operations span essential midstream functions, including natural gas processing and water disposal, services tied to ongoing production activity across multiple U.S. basins, which provides a degree of demand continuity that supports the current payment level. Western Midstream Partners, LP dividend safety is the central question here: a payout ratio above 100% means the dividend currently exceeds reported earnings, and any sustained drop in throughput volumes or commodity-linked revenue would put direct pressure on that $3.66 annual rate.
Western Midstream Partners, LP dividend history shows a CAGR of 15.7% per year from 2013 to 2025. Per-share payments grew from $0.6260 to $3.6050 over that span (2026 data is partial and excluded from the CAGR calculation). The largest annual increase in the window was 66.7% in 2014, reflecting the early-stage buildout phase of the partnership. WES has now posted four consecutive years of dividend increases, though the history 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 fits dividend investors who prioritize current income from energy infrastructure over predictable, uninterrupted growth. The yield of 8.51% is classified as high (above 4%), and it sits well above the 5-year average yield of 5.76%, which means buyers today are locking in a historically elevated rate. The trade-off is a payout ratio of 122.2%, which exceeds earnings and leaves little margin if cash flows from natural gas gathering and processing operations weaken. Four consecutive years of increases show recent momentum, but the history includes past cuts. Income is the clear draw here; payout sustainability is the clear risk.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-01-31 | $0.5750 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.8400 |
| 2025 | $3.6050 |
| 2024 | $3.2000 |
| 2023 | $2.4935 |
| 2022 | $1.8270 |
Project income from WES with the WES dividend calculator or track your full portfolio with the dividend tracker.