Last Chance to Buy DT Midstream Stock to Receive the Upcoming Dividend
DT Midstream (DTM) stock goes ex-dividend on Mar 17, 2023 ahead of the upcoming cash dividend payment of $0.69 per share. The $0.69 per share DT Midstream dividend is expected to be payed on Apr 15, 2023, and represents an approximate yield of 5.38%. To receive the dividend, investors and traders have to buy shares of DTM before the ex-dividend date. As explained below, buying a stock on the ex-dividend date is too late to get the next dividend payment of $0.69 per share.
DT Midstream Ex-Dividend Date Explained
To determine whether or not an investor can expect to receive the DT Midstream dividend payment on Apr 15, 2023, they’ll need to look at two important dates – the “record date” or “date of record” and the “ex-dividend date” or “ex-date.” When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend. Once the company sets the record date, the ex-date is set based on stock exchange rules and other factors. The ex-dividend date for stocks is usually set one business day before the record date. If an investor buys DTM stock on Mar 17, 2023 or after, they will not receive the next dividend payment on Apr 15, 2023. Instead, the seller will receive the dividend. If the investor purchases or owns DT Midstream stock today, before the ex-dividend date of Mar 17, 2023, they will get the dividend payment of $0.69 per share on Apr 15, 2023.
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