USD Partners LP (NYSE:USDP) declared a quarterly dividend on Thursday, July 23rd, Zacks reports. Stockholders of record on Tuesday, August 4th will be given a dividend of 0.111 per share by the transportation company on Friday, August 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 13.29%. The ex-dividend date of this dividend is Monday, August 3rd.
USD Partners has raised its dividend payment by an average of 16.9% annually over the last three years and has raised its dividend every year for the last 4 years. USD Partners has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings.
NYSE USDP opened at $3.34 on Friday. The stock has a market cap of $89.83 million, a PE ratio of -2.98 and a beta of 1.30. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 5.48. USD Partners has a twelve month low of $1.00 and a twelve month high of $11.95. The stock has a fifty day simple moving average of $3.36 and a 200-day simple moving average of $5.19.
USD Partners (NYSE:USDP) last released its quarterly earnings results on Thursday, May 7th. The transportation company reported $0.02 earnings per share for the quarter. The business had revenue of $30.21 million during the quarter. USD Partners had a positive return on equity of 14.86% and a negative net margin of 24.54%.
Separately, ValuEngine upgraded USD Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd.
About USD Partners
USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. The company operates through two segments, Terminalling Services and Fleet Services. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and terminals in San Antonio, Texas and West Colton, California, which are unit train-capable destination terminals that transload ethanol received by rail from producers onto trucks.
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