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

KNOT Offshore Partners LP (NYSE:KNOPGet Free Report) declared 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 dividend on an annualized basis 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% annually over the last three years. KNOT Offshore Partners has a payout ratio of 12.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

KNOP traded up $0.05 during trading hours 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. The stock has a market cap of $214.70 million, a price-to-earnings ratio of -14.56 and a beta of 0.74. The business’s 50-day moving average price is $5.85 and its 200-day moving average price is $6.65. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. KNOT Offshore Partners has a 12 month low of $4.94 and a 12 month high of $9.11.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of KNOT Offshore Partners from a “hold” rating to a “buy” rating in a report on Friday, December 6th.

View 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.

Further Reading

Dividend History for KNOT Offshore Partners (NYSE:KNOP)

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