KNOT Offshore Partners LP Declares Quarterly Dividend of $0.03 (NYSE:KNOP)

KNOT Offshore Partners LP (NYSE:KNOPGet Free Report) announced a quarterly dividend on Tuesday, July 9th, NASDAQ reports. Investors of record on Monday, July 29th will be paid a dividend of 0.026 per share by the shipping company on Thursday, August 8th. This represents a $0.10 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Monday, July 29th.

KNOT Offshore Partners has decreased its dividend payment by an average of 63.2% per year over the last three years. KNOT Offshore Partners has a dividend payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KNOT Offshore Partners to earn $0.45 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 22.2%.

KNOT Offshore Partners Stock Up 0.9 %

KNOP stock traded up $0.07 during midday trading on Wednesday, hitting $7.86. The stock had a trading volume of 80,049 shares, compared to its average volume of 100,237. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.71 and a quick ratio of 0.67. The business has a 50-day moving average of $6.68 and a two-hundred day moving average of $5.93. KNOT Offshore Partners has a 52-week low of $4.86 and a 52-week high of $9.11. The firm has a market cap of $267.55 million, a price-to-earnings ratio of -10.34 and a beta of 0.75.

KNOT Offshore Partners (NYSE:KNOPGet Free Report) last released its earnings results on Wednesday, May 22nd. The shipping company reported $0.22 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.29. The business had revenue of $76.63 million for the quarter, compared to the consensus estimate of $70.66 million. KNOT Offshore Partners had a positive return on equity of 4.57% and a negative net margin of 8.64%. As a group, equities research analysts forecast that KNOT Offshore Partners will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, upgraded KNOT Offshore Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 24th.

Check Out Our Latest Research Report on KNOT Offshore Partners

KNOT Offshore Partners Company Profile

(Get Free Report)

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

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Dividend History for KNOT Offshore Partners (NYSE:KNOP)

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