KNOT Offshore Partners LP (NYSE:KNOP) announced a quarterly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.52 per share by the shipping company on Thursday, November 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date is Wednesday, October 30th.
Shares of KNOP traded down $0.15 during midday trading on Tuesday, reaching $19.68. The stock had a trading volume of 501 shares, compared to its average volume of 65,809. KNOT Offshore Partners has a 1-year low of $17.18 and a 1-year high of $21.20. The company’s fifty day simple moving average is $19.23 and its two-hundred day simple moving average is $19.30. The company has a market cap of $643.99 million, a price-to-earnings ratio of 7.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.49 and a quick ratio of 0.47.
KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings data on Wednesday, August 28th. The shipping company reported $0.25 earnings per share for the quarter. KNOT Offshore Partners had a net margin of 17.94% and a return on equity of 7.95%. The business had revenue of $70.92 million for the quarter, compared to analyst estimates of $70.10 million.
About KNOT Offshore Partners
KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and storage of crude oil under time charters and bareboat charters. As of April 10, 2019, it had a fleet of 16 shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.
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