Blueknight Energy Partners, L.P. (NASDAQ:BKEP) Declares Quarterly Dividend of $0.04

Blueknight Energy Partners, L.P. (NASDAQ:BKEP) announced a quarterly dividend on Wednesday, April 21st, Zacks reports. Stockholders of record on Friday, May 7th will be paid a dividend of 0.04 per share by the pipeline company on Friday, May 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, May 6th.

Blueknight Energy Partners has decreased its dividend payment by 72.4% over the last three years and has increased its dividend annually for the last 1 consecutive years.

Shares of NASDAQ:BKEP opened at $3.35 on Tuesday. The business has a fifty day simple moving average of $3.25 and a 200-day simple moving average of $2.25. Blueknight Energy Partners has a 52 week low of $1.20 and a 52 week high of $3.80. The company has a market cap of $138.92 million, a P/E ratio of -23.93 and a beta of 2.21.

Blueknight Energy Partners (NASDAQ:BKEP) last posted its quarterly earnings results on Tuesday, March 9th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter. Blueknight Energy Partners had a negative return on equity of 7.10% and a net margin of 6.48%. The firm had revenue of $29.81 million during the quarter.

In related news, CEO D Andrew Woodward acquired 15,385 shares of Blueknight Energy Partners stock in a transaction on Friday, March 12th. The shares were bought at an average price of $3.25 per share, for a total transaction of $50,001.25. 1.00% of the stock is currently owned by insiders.

Blueknight Energy Partners Company Profile

Blueknight Energy Partners, L.P. provides integrated terminalling services for companies engaged in the production, distribution, and handling of liquid asphalt in the United States. As of March 4, 2021, it had 53 terminals located in 26 states. Blueknight Energy Partners G.P., LLC operates as a general partner of the company.

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Dividend History for Blueknight Energy Partners (NASDAQ:BKEP)

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