Capital Product Partners L.P. Plans Quarterly Dividend of $0.23 (CPLP)
Capital Product Partners L.P. (NASDAQ:CPLP) declared a quarterly dividend on Tuesday, January 22nd. Shareholders of record on Friday, February 8th will be given a dividend of $0.23 per share on Friday, February 15th. This represents a $0.93 dividend on an annualized basis and a yield of 11.64%.
On the ratings front, analysts at Bank of America downgraded shares of Capital Product Partners L.P. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, December 12th. They now have a $7.00 price target on the stock, down previously from $8.50.
Five analysts have rated the stock with a buy rating, two have assigned a hold rating, one has given an underweight rating, and one has assigned a sell rating to the company. Capital Product Partners L.P. has a consensus rating of “overweight” and an average target price of $8.06.
Capital Product Partners L.P. (CPLP) traded down 0.25% on Tuesday, hitting $8.01. Capital Product Partners L.P. (CPLP) has a 1-year low of $5.79 and a 1-year high of $8.80. The stock’s 50-day moving average is currently $6.96. The company has a market cap of $546.8 million and a price-to-earnings ratio of 96.75.
Capital Product Partners L.P. (CPP) is an international tanker company. The Company is engaged the seaborne transportation services of crude oil and refined petroleum products, edible oils and soft chemicals, by chartering its vessels under medium to long-term time and bareboat charters.
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