Global Partners LP (NYSE:GLP) announced a quarterly dividend on Friday, October 25th, Zacks reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.52 per share by the energy company on Thursday, November 14th. This represents a $2.08 dividend on an annualized basis and a yield of 10.09%. The ex-dividend date is Thursday, November 7th. This is an increase from Global Partners’s previous quarterly dividend of $0.52.
GLP traded up $0.06 during trading on Tuesday, reaching $20.62. 6,572 shares of the company traded hands, compared to its average volume of 93,960. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.72 and a current ratio of 1.33. Global Partners has a 12-month low of $13.63 and a 12-month high of $21.62. The firm has a fifty day simple moving average of $20.00 and a 200 day simple moving average of $19.84. The company has a market cap of $693.16 million, a P/E ratio of 11.87 and a beta of 0.90.
Global Partners (NYSE:GLP) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.28. Global Partners had a net margin of 0.45% and a return on equity of 14.37%. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $2.98 billion. As a group, sell-side analysts expect that Global Partners will post 0.54 earnings per share for the current fiscal year.
About Global Partners
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states and New York.
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