KNOT Offshore Partners LP (NYSE:KNOP – Get Free Report) declared a quarterly dividend on Tuesday, July 7th. Shareholders of record on Monday, July 27th will be paid a dividend of 0.075 per share by the shipping company on Thursday, August 13th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, July 27th. This is a 50.0% increase from KNOT Offshore Partners’s previous quarterly dividend of $0.05.
KNOT Offshore Partners has decreased its dividend by an average of 0.5%annually over the last three years. KNOT Offshore Partners has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect KNOT Offshore Partners to earn ($0.10) per share next year, which means the company may not be able to cover its $0.30 annual dividend with an expected future payout ratio of -300.0%.
KNOT Offshore Partners Trading Down 1.7%
Shares of NYSE KNOP opened at $10.25 on Friday. The firm’s 50 day moving average price is $10.64 and its 200-day moving average price is $10.50. The company has a market cap of $345.12 million, a PE ratio of 18.99 and a beta of -0.05. KNOT Offshore Partners has a 52-week low of $6.76 and a 52-week high of $11.78. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.24 and a current ratio of 0.25.
KNOT Offshore Partners Company Profile
KNOT Offshore Partners LP is a publicly traded limited partnership formed in 2013 to own and operate shuttle tankers under long‐term charters in the offshore oil industry. Listed on the New York Stock Exchange under the symbol KNOP, the partnership specializes in the transportation of crude oil from offshore production facilities to onshore refineries. Its fleet comprises moderne shuttle tankers equipped with dynamic positioning systems, enabling safe transfer operations in harsh weather and sea conditions.
The partnership’s vessels primarily serve fields in the North Sea, Brazil and West Africa, where they operate under multi‐year contracts with major energy producers.
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