Ferrellgas Partners, L.P. (NYSE:FGP) declared a quarterly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Friday, December 8th will be paid a dividend of 0.10 per share by the oil and gas company on Friday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 8.75%. The ex-dividend date of this dividend is Thursday, December 7th.

Ferrellgas Partners has decreased its dividend by an average of 6.4% per year over the last three years. Ferrellgas Partners has a payout ratio of 210.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Ferrellgas Partners to earn $0.16 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 250.0%.

Ferrellgas Partners (NYSE:FGP) opened at $4.57 on Friday. The company has a debt-to-equity ratio of -2.63, a quick ratio of 0.60 and a current ratio of 0.87. Ferrellgas Partners has a 1 year low of $4.22 and a 1 year high of $8.83.

Ferrellgas Partners (NYSE:FGP) last announced its quarterly earnings results on Thursday, September 28th. The oil and gas company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.09). The firm had revenue of $433.38 million for the quarter, compared to analysts’ expectations of $431.74 million. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted ($6.68) earnings per share. sell-side analysts expect that Ferrellgas Partners will post 0.19 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $6.00 price target on shares of Ferrellgas Partners in a research report on Wednesday, September 27th. Zacks Investment Research cut shares of Ferrellgas Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub raised shares of Ferrellgas Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $8.18.

In related news, VP Trenton D. Hampton acquired 6,000 shares of Ferrellgas Partners stock in a transaction that occurred on Monday, October 16th. The shares were purchased at an average cost of $4.98 per share, for a total transaction of $29,880.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by insiders.

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About Ferrellgas Partners

Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.

Dividend History for Ferrellgas Partners (NYSE:FGP)

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