Höegh LNG Partners LP to Issue Quarterly Dividend of $0.44 (NYSE:HMLP)

Höegh LNG Partners LP (NYSE:HMLP) announced a quarterly dividend on Thursday, April 22nd, Zacks reports. Investors of record on Thursday, May 6th will be given a dividend of 0.44 per share by the shipping company on Friday, May 14th. This represents a $1.76 annualized dividend and a dividend yield of 9.98%. The ex-dividend date is Wednesday, May 5th.

Höegh LNG Partners has raised its dividend by 3.4% over the last three years and has increased its dividend annually for the last 1 consecutive years. Höegh LNG Partners has a dividend payout ratio of 112.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Höegh LNG Partners to earn $1.59 per share next year, which means the company may not be able to cover its $1.76 annual dividend with an expected future payout ratio of 110.7%.

Höegh LNG Partners stock opened at $17.64 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $587.55 million, a PE ratio of 11.53, a P/E/G ratio of 1.61 and a beta of 1.93. Höegh LNG Partners has a 12 month low of $9.11 and a 12 month high of $17.67. The stock has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $14.61.

Höegh LNG Partners (NYSE:HMLP) last posted its earnings results on Thursday, February 25th. The shipping company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Höegh LNG Partners had a return on equity of 20.74% and a net margin of 43.54%. The firm had revenue of $36.06 million during the quarter, compared to the consensus estimate of $36.22 million. As a group, analysts predict that Höegh LNG Partners will post 1.82 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Bank of America downgraded Höegh LNG Partners from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $17.00 to $16.00 in a research report on Friday, February 26th. Danske upgraded Höegh LNG Partners from a “sell” rating to a “hold” rating in a report on Wednesday, March 10th. Zacks Investment Research cut Höegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, January 20th. Finally, Kepler Capital Markets reissued a “buy” rating on shares of Höegh LNG Partners in a research note on Friday, April 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Höegh LNG Partners currently has an average rating of “Hold” and a consensus target price of $14.50.

Höegh LNG Partners Company Profile

Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2019, it had a fleet of five FSRUs.

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Dividend History for Höegh LNG Partners (NYSE:HMLP)

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