Dividend Growth of Capital Product Partners L.P.(CPLP)

Capital Product Partners L.P.(CPLP) is having a Dividend Yield of 9.36% with the Annual cash Dividend per share of $0.46. The last quarter cash dividend per share pay out was $0.08. Capital Product Partners L.P. has a 5 year average dividend yield of 11.98% and the stock has a Indicated annual dividend of $0.32. Capital Product Partners L.P.(CPLP) formally announced its most recent dividend on January 19, 2017 with a Dividend per share of $0.08. The new indicated annual dividend based on announced dividend per share is $0.32. The dividend yield based on the forward looking indicated annual dividend is 9.36%. Capital Product Partners L.P.(CPLP) has the most recent dividend payout ratio of 0.88 with a 5-year average payout ratio of 3.93. The 5 year historical dividend growth of Capital Product Partners L.P.(CPLP) is at the rate of -15.72% while the R-Squared dividend growth is 0.37. 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.

Capital Product Partners L.P. (NASDAQ:CPLP) witnessed a decline in the market cap on Thursday as its shares dropped 0.88% or 0.03 points. After the session commenced at $3.42, the stock reached the higher end at $3.475 while it hit a low of $3.39. With the volume soaring to 533,207 shares, the last trade was called at $3.39. The company has a 52-week high of $4.05. The company has a market cap of $422 million and there are 124,534,622 shares in outstanding. The 52-week low of the share price is $2.41. Capital Product Partners L.P. has dropped 1.45% in the last five trading days, however, the shares have posted positive gains of 3.43% in the last 4 weeks. Capital Product Partners L.P. is up 11.77% in the last 3-month period. Year-to-Date the stock performance stands at 8.96%.

Institutional Investors own 17.32% of Capital Product Partners L.P. shares. Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Capital Product Partners L.P. was Upgraded by Wells Fargo to Outperform on Jan 25, 2017.

CAPITAL PRODUCT PARTNERS L.P. is an international shipping company and leader in the seaborne transportation of refined oil products and chemicals. Their fleet of product tankers is fully chartered under medium- to long-term time and bareboat charters. With their modern, state-of-the-art fleet and built-in growth through contracted acquisitions of additional vessels and the potential drop-down of optional vessels from the owner of their General Partner, Capital Maritime & Trading Corp., they are well-positioned to capitalize on the growth dynamics of the product tanker industry, worldwide, as well as pending regulatory changes.

Capital

Share this post

Leave a Reply