Dividend Growth of Buckeye Partners L.P.(BPL)

Buckeye Partners L.P.(BPL) is having a Dividend Yield of 6.75% with the Annual cash Dividend per share of $4.83. The last quarter cash dividend per share pay out was $1.23. Buckeye Partners L.P. has a 5 year average dividend yield of 6.74% and the stock has a Indicated annual dividend of $4.9. Buckeye Partners L.P.(BPL) formally announced its most recent dividend on February 13, 2017 with a Dividend per share of $1.24. The new indicated annual dividend based on announced dividend per share is $4.95. The dividend yield based on the forward looking indicated annual dividend is 6.82%. Buckeye Partners L.P.(BPL) has the most recent dividend payout ratio of 1.21 with a 5-year average payout ratio of 1.4. The 5 year historical dividend growth of Buckeye Partners L.P.(BPL) is at the rate of 3.98% while the R-Squared dividend growth is 0.98. 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.

Buckeye Partners L.P. (NYSE:BPL) witnessed a decline in the market cap on Thursday as its shares dropped 1.04% or 0.7425 points. After the session commenced at $71.67, the stock reached the higher end at $71.81 while it hit a low of $70.495. With the volume soaring to 492,886 shares, the last trade was called at $70.64. The company has a 52-week high of $75.1. The company has a market cap of $9,905 million and there are 140,222,340 shares in outstanding. The 52-week low of the share price is $55.9. Buckeye Partners, L.P. has dropped 2.27% in the last five trading days, however, the shares have posted positive gains of 10.17% in the last 4 weeks. Buckeye Partners, L.P. is up 8.93% in the last 3-month period. Year-to-Date the stock performance stands at 6.77%.

Currently the company Insiders own 0.38% of Buckeye Partners L.P. shares according to the proxy statements. Institutional Investors own 67.12% of Buckeye Partners L.P. shares. Company has reported several Insider transactions to the SEC, on Dec 22, 2016, Clair Keith St (EVP and CFO) sold 3,500 shares at 65.10 per share price.On Dec 19, 2016, Joseph Sauger (SVP, Eng. and Compliance Svcs) sold 1,062 shares at 64.84 per share price.On Dec 8, 2016, Larry C Payne (director) purchased 1,000 shares at 62.95 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Downgraded by Stifel on Feb 13, 2017 to Hold, Raises Price Target to $ 74 from a previous price target of $73 .Company shares were Reiterated by Mizuho on Feb 13, 2017 to Neutral, Raises Price Target to $ 73 from a previous price target of $70 .Buckeye Partners L.P. was Resumed by Barclays on Jan 17, 2017 to Equal Weight, Price Target of the shares are set at $72.Buckeye Partners L.P. was Downgraded by Goldman to Neutral on Dec 15, 2016.

Buckeye Partners L.P. Last issued its quarterly earnings results on Feb 10, 2017. The company reported $0.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.23. Analyst had a consensus of $1.01. The company had revenue of $924.10 million for the quarter, compared to analysts expectations of $860.16 million. The companys revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Buckeye Partners, L.P. conducts all its operations through subsidiary entities including Buckeye Pipe Line Company, L.P., Laurel Pipe Line Company, L.P., Everglades Pipe Line Company, L.P. and Buckeye Tank Terminals Company, L.P. The company receives petroleum products from refineries, connecting pipelines and marine terminals, and transports those products to other locations. Buckeye Partners also provides bulk storage services through leased facilities.


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