KNOT Offshore Partners LP (NYSE:KNOP - Get Free Report) announced a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.026 per share by the shipping company on Thursday, February 6th. This represents a $0.10 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, January 27th.
KNOT Offshore Partners has decreased its dividend by an average of 63.2% per year over the last three years. KNOT Offshore Partners has a dividend payout ratio of 12.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KNOT Offshore Partners to earn $0.53 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 18.9%.
KNOT Offshore Partners Stock Performance
KNOP traded up $0.05 on Thursday, hitting $6.26. The company's stock had a trading volume of 70,734 shares, compared to its average volume of 114,827. KNOT Offshore Partners has a 12 month low of $4.94 and a 12 month high of $9.11. The firm has a market cap of $214.70 million, a P/E ratio of -14.56 and a beta of 0.74. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.52. The company's 50 day simple moving average is $5.85 and its 200-day simple moving average is $6.65.
Analysts Set New Price Targets
Separately, StockNews.com raised KNOT Offshore Partners from a "hold" rating to a "buy" rating in a report on Friday, December 6th.
Get Our Latest Stock Analysis on KNOT Offshore Partners
KNOT Offshore Partners Company Profile
(
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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.
Further Reading
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