Capital Clean Energy Carriers Corp. Announces Quarterly Dividend of $0.15 (NASDAQ:CCEC)

Capital Clean Energy Carriers Corp. (NASDAQ:CCECGet Free Report) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Tuesday, August 4th will be paid a dividend of 0.15 per share on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, August 4th.

Capital Clean Energy Carriers has decreased its dividend payment by an average of 0.1%annually over the last three years.

Capital Clean Energy Carriers Stock Up 2.0%

CCEC traded up $0.45 during trading hours on Friday, reaching $23.45. 2,546 shares of the stock traded hands, compared to its average volume of 9,613. The firm’s fifty day simple moving average is $21.74 and its two-hundred day simple moving average is $21.18. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 12.29 and a beta of 0.63. Capital Clean Energy Carriers has a fifty-two week low of $16.77 and a fifty-two week high of $24.48. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.39 and a quick ratio of 1.38.

Capital Clean Energy Carriers (NASDAQ:CCECGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The firm had revenue of $98.01 million during the quarter, compared to analyst estimates of $103.47 million. Capital Clean Energy Carriers had a return on equity of 6.73% and a net margin of 28.02%. As a group, analysts forecast that Capital Clean Energy Carriers will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings raised Capital Clean Energy Carriers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Zacks Research raised Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded Capital Clean Energy Carriers to a “hold” rating in a research note on Saturday, June 13th. Finally, Jefferies Financial Group lifted their price objective on Capital Clean Energy Carriers from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.75.

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About Capital Clean Energy Carriers

(Get Free Report)

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company’s vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.

See Also

Dividend History for Capital Clean Energy Carriers (NASDAQ:CCEC)

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