USD Partners LP (NYSE:USDP) Declares Quarterly Dividend of $0.11

USD Partners LP (NYSE:USDP) declared a quarterly dividend on Thursday, July 23rd, Zacks reports. Shareholders of record on Tuesday, August 4th will be paid a dividend of 0.111 per share by the transportation company on Friday, August 14th. This represents a $0.44 annualized dividend and a yield of 13.29%. The ex-dividend date is Monday, August 3rd.

USD Partners has raised its dividend by an average of 16.9% annually over the last three years and has raised its dividend every year for the last 4 years. USD Partners has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings.

USDP stock opened at $3.34 on Friday. USD Partners has a twelve month low of $1.00 and a twelve month high of $11.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 5.48. The stock’s 50 day moving average is $3.36 and its 200-day moving average is $5.19. The firm has a market capitalization of $89.83 million, a PE ratio of 16.45 and a beta of 1.30.

USD Partners (NYSE:USDP) last posted its earnings results on Thursday, May 7th. The transportation company reported $0.02 earnings per share for the quarter. USD Partners had a positive return on equity of 14.86% and a negative net margin of 24.54%. The company had revenue of $30.21 million for the quarter.

Separately, ValuEngine upgraded USD Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd.

USD Partners Company Profile

USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. The company operates through two segments, Terminalling Services and Fleet Services. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and terminals in San Antonio, Texas and West Colton, California, which are unit train-capable destination terminals that transload ethanol received by rail from producers onto trucks.

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Dividend History for USD Partners (NYSE:USDP)

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