This company has been acquired
Shell Midstream Partners Dividends and Buybacks
Dividend criteria checks 3/6
Shell Midstream Partners is a dividend paying company with a current yield of 7.59%.
Key information
7.6%
Dividend yield
-0.02%
Buyback Yield
| Total Shareholder Yield | 7.6% |
| Future Dividend Yield | 8.1% |
| Dividend Growth | 8.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 97% |
Recent dividend and buyback updates
Recent updates
Shell Midstream Partners declares $0.30 dividend
Jul 21Shell Midstream Going Private Gives Investors A Low-Risk Opportunity
Jul 12Shell Midstream: Prime Assets, Subprime Valuation
Feb 02Shell Midstream Partners: Higher Distributions Would Do More Harm Than Good
Nov 22Shell Midstream Partners: Time To Buy With Dust Now Settling, Intrinsic Value 30%+ Higher
Sep 15Shell Midstream Cuts The Distribution
Aug 29Shell Midstream: Post Distribution Cut, Still A Wait And See
Jul 27Shell Midstream Partners: High Stakes For Their 13% Yield Heading Into Their Q2 Earnings
Jul 19Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SHLX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SHLX's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Shell Midstream Partners Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SHLX) | 7.6% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Oil and Gas) | 4.0% |
| Analyst forecast (SHLX) (up to 3 years) | 8.1% |
Notable Dividend: SHLX's dividend (7.59%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: SHLX's dividend (7.59%) is in the top 25% of dividend payers in the US market (4.32%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (96.5%), SHLX's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (80.3%), SHLX's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/10/19 21:24 |
| End of Day Share Price | 2022/10/18 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Shell Midstream Partners, L.P. is covered by 12 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Zarahn | Barclays |
| Derek Walker | BofA Global Research |
| Ryan Levine | Citigroup Inc |