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 is Monday, August 3rd.
USD Partners has increased its dividend payment by an average of 16.9% per year over the last three years and has increased its dividend every year for the last 4 years. USD Partners has a dividend payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings.
USDP stock opened at $3.34 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 5.48. The firm has a market capitalization of $89.83 million, a PE ratio of -2.98 and a beta of 1.30. The stock’s 50 day moving average is $3.36 and its 200-day moving average is $5.19. USD Partners has a twelve month low of $1.00 and a twelve month high of $11.95.
USD Partners (NYSE:USDP) last issued its quarterly earnings results on Thursday, May 7th. The transportation company reported $0.02 EPS for the quarter. The company 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 raised USD Partners from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd.
USD Partners Company Profile
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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