KNOT Offshore Partners LP (KNOP) To Go Ex-Dividend on April 28th

KNOT Offshore Partners LP (NYSE:KNOP) announced a quarterly dividend on Thursday, April 10th, Wall Street Journal reports. Shareholders of record on Monday, April 28th will be paid a dividend of 0.026 per share by the shipping company on Thursday, May 8th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, April 28th.

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 10.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 1.5 %

Shares of NYSE KNOP opened at $6.27 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. The stock has a market cap of $214.87 million, a P/E ratio of -14.57 and a beta of 0.27. The business’s fifty day simple moving average is $5.94 and its 200-day simple moving average is $5.99. KNOT Offshore Partners has a 12-month low of $4.94 and a 12-month high of $9.11.

KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings results on Wednesday, March 19th. The shipping company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.51. The firm had revenue of $91.26 million during the quarter, compared to the consensus estimate of $76.50 million. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. As a group, equities analysts predict that KNOT Offshore Partners will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on KNOP shares. Fearnley Fonds upgraded shares of KNOT Offshore Partners to a “strong-buy” rating in a research note on Tuesday, April 1st. StockNews.com upgraded KNOT Offshore Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th.

KNOT Offshore Partners Company Profile

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.