Capital Product Partners L.P. (NASDAQ:CPLP) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Friday, November 1st will be given a dividend of 0.315 per share by the shipping company on Friday, November 8th. This represents a $1.26 annualized dividend and a yield of 10.68%. The ex-dividend date of this dividend is Thursday, October 31st.
Shares of Capital Product Partners stock traded down $0.06 during mid-day trading on Tuesday, hitting $11.80. 735 shares of the stock were exchanged, compared to its average volume of 92,551. Capital Product Partners has a twelve month low of $9.68 and a twelve month high of $19.81. The stock has a market capitalization of $215.05 million, a price-to-earnings ratio of 12.08 and a beta of 1.00. The company has a 50-day simple moving average of $11.14 and a 200 day simple moving average of $10.79. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.60.
Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings results on Wednesday, July 31st. The shipping company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Capital Product Partners had a negative net margin of 69.36% and a positive return on equity of 5.70%. The company had revenue of $26.83 million for the quarter, compared to analysts’ expectations of $27.32 million. Equities research analysts forecast that Capital Product Partners will post 1.11 earnings per share for the current fiscal year.
Capital Product Partners Company Profile
Capital Product Partners LP operates as an international shipping company. It engages in the seaborne transportation of cargo, including crude oil, refined oil products and chemicals. The company fleet consists of vessels, suezmax crude oil tankers, medium range tankers, and capesize bulk carrier. Capital Product Partners was founded on January 16, 2007 and is headquartered in Piraeus, Greece.
Further Reading: Equal Weight Rating
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