2Q22 Midstream/MLP Dividends: Let the Good Times Roll
Midstream dividend trends remained positive for 2Q22, with a few examples of growth and no cuts.
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Midstream dividend trends remained positive for 2Q22, with a few examples of growth and no cuts.
The Alerian MLP Infrastructure Index (AMZI), the underlying index for the Alerian MLP ETF (AMLP), gained 12.59% in July on a total return basis, outperforming the S&P 500’s 9.22% increase during the same period.
HESM earnings call for the period ending June 30, 2022.
Midstream MLPs are increasing distributions despite volatility in energy markets, reinforcing the positive outlook for midstream.
Key Developments: Commenced common stock repurchases in the quarter of approximately 1.8 million shares for $190 million; total cash returned to shareholders in the quarter amounted to $306 million