DT Midstream Announces Quarterly Dividend

Rhea-AI Summary

DT Midstream (NYSE: DTM) has declared a dividend of $0.60 per share on its common stock, payable on January 15, 2022, to shareholders of record by the close of business on December 20, 2021.

David Slater, president and CEO, emphasized the company's strong performance and commitment to maintaining a competitive and growing dividend. DT Midstream operates natural gas pipelines and systems across the U.S. and Canada, and aims for net-zero greenhouse gas emissions by 2050, with a goal of reducing carbon emissions by 30% within the next decade.

Positive

• Declared a competitive dividend of $0.60, reinforcing shareholder returns.
• Strong operational performance as a public corporation.
• Commitment to net-zero emissions by 2050, positioning as a leader in sustainability.

Negative

• None.

DETROIT, Dec. 09, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of DT Midstream, Inc. (NYSE: DTM) has declared a $0.60 per share dividend on its common stock payable Jan. 15, 2022 to shareholders of record at the close of business Dec. 20, 2021.

“DT Midstream continues its strong performance as a standalone public C-corp and expects to maintain a durable and growing dividend that is competitive with our peers,” said David Slater, president and CEO of DT Midstream.

About DT Midstream

DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and related energy infrastructure. The Company transports clean, natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a target of achieving 30% of its carbon emissions reduction in the next decade. DT Midstream is among the first in the midstream sector to establish net zero goals.

Contact

Media

Steven Rawlings, DT Midstream, 313.774.0690
steven.rawlings@dtmidstream.com

Investors/Analysts

Todd Lohrmann, DT Midstream, 313.774.2424
investor_relations@dtmidstream.com

FAQ

When is the dividend payment date for DTM?

The dividend payment date for DTM is January 15, 2022.

What is the dividend amount declared by DT Midstream?

DT Midstream has declared a dividend of $0.60 per share.

What is DTM's strategy for carbon emissions?

DT Midstream is targeting net-zero greenhouse gas emissions by 2050, aiming for a 30% reduction in carbon emissions in the next decade.