Global Partners LP (NYSE:GLP) Declares Dividend Increase – $0.52 Per Share

Share on StockTwits

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.

A number of equities research analysts have issued reports on GLP shares. Zacks Investment Research lowered shares of Global Partners from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine raised shares of Global Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 29th.

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.

Featured Story: What are the disadvantages of after-hours trading?

Dividend History for Global Partners (NYSE:GLP)

Receive News & Ratings for Global Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Partners and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

bluebird bio  Stock Price Down 6.4%
bluebird bio Stock Price Down 6.4%
Novavax   Shares Down 5.2%
Novavax Shares Down 5.2%
Banco Macro  Trading 6.7% Higher
Banco Macro Trading 6.7% Higher
Canterbury Park Holding Corp  Short Interest Update
Canterbury Park Holding Corp Short Interest Update
Bancorp 34 Inc  Sees Significant Drop in Short Interest
Bancorp 34 Inc Sees Significant Drop in Short Interest
Evoke Pharma Inc  Short Interest Update
Evoke Pharma Inc Short Interest Update


© 2006-2019 Ticker Report