Dividend Growth of EnLink Midstream, LLC(ENLC)

EnLink Midstream, LLC(ENLC) is having a Dividend Yield of 5.33% with the Annual cash Dividend per share of $1.02. The last quarter cash dividend per share pay out was $0.26. EnLink Midstream, LLC has a 5 year average dividend yield of 3.8% and the stock has a Indicated annual dividend of $1.02. EnLink Midstream, LLC(ENLC) formally announced its most recent dividend on January 20, 2017 with a Dividend per share of $0.26. The new indicated annual dividend based on announced dividend per share is $1.02. The dividend yield based on the forward looking indicated annual dividend is 5.33%. EnLink Midstream, LLC(ENLC) has the most recent dividend payout ratio of 0.56 with a 5-year average payout ratio of 1.12. The 5 year historical dividend growth of EnLink Midstream, LLC(ENLC) is at the rate of 25.01% while the R-Squared dividend growth is 0.88. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Thursdays trading session turned out to be a no-profit no-loss event for EnLink Midstream, LLC (NYSE:ENLC). The opening trade occurred at $19.25 and the highest and the lowest points of the day were $19.4 and $18.9 respectively. The final trade was registered at $19.15 and the volume by the end of the day had touched 577,885 shares. The 52-week high of the stock is $20.25 and the 52-week low is $6.41. According to the current valuation, the market cap of the company is $3,448 million and the total number of shares available in public circulation is 180,048,700. Shares of EnLink Midstream, LLC appreciated by 1.06% during the last five trading days but lost 0.14% on a 4-week basis. EnLink Midstream, LLC is up 14.26% in the last 3-month period. Year-to-Date the stock performance stands at 1.96%.

Currently the company Insiders own 1.24% of EnLink Midstream, LLC shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.61% . Institutional Investors own 29.97% of EnLink Midstream, LLC shares. During last six month period, the net percent change held by insiders has seen a change of -15.61%. Company has reported several Insider transactions to the SEC, on Dec 2, 2016, Susan J Mcaden (V.P. Accounting & CAO) sold 5,400 shares at 18.56 per share price.On Jun 10, 2015, Stan Golemon (Senior Vice President) sold 33,431 shares at 32.35 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.EnLink Midstream LLC was Downgraded by Jefferies to Underperform on Jan 12, 2017.

EnLink Midstream LLC Last issued its quarterly earnings results on Feb 14, 2017. The company reported $-0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.28. Analyst had a consensus of $0.10. The company had revenue of $1225.00 million for the quarter, compared to analysts expectations of $1145.96 million. The companys revenue was up 14.9% compared to the same quarter last year.

Enlink Midstream LLC is independent midstream energy. The Company is involved in natural gas gathering, treating, processing, transmission, distribution, supply and marketing, and crude oil marketing. Enlink Midstream LLC, formerly known as Crosstex Energy Inc., is based in headquartered in Dallas, Texas.


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