Increasing Earnings, Adjusted Dividends: Capital Product Partners Ensures Stability for Shareholders through Strategic Changes
Today, February 13, 2024, Capital Product Partners (NASDAQ:CPLP) will distribute a dividend payout of $0.15 per share, highlighting an annualized dividend yield of 3.37%. Shareholders who owned the stock before the ex-dividend date on February 05, 2024 will be eligible for this payout.
Capital Product Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-05 | 4 | $0.15 | 3.37% | 2024-01-25 | 2024-02-06 | 2024-02-13 |
| 2023-11-03 | 4 | $0.15 | 4.32% | 2023-10-23 | 2023-11-06 | 2023-11-13 |
| 2023-08-01 | 4 | $0.15 | 3.93% | 2023-07-20 | 2023-08-02 | 2023-08-08 |
| 2023-05-05 | 4 | $0.15 | 4.69% | 2023-04-25 | 2023-05-08 | 2023-05-12 |
| 2023-02-06 | 4 | $0.15 | 4.18% | 2023-01-26 | 2023-02-07 | 2023-02-10 |
| 2022-11-01 | 4 | $0.15 | 4.0% | 2022-10-20 | 2022-11-02 | 2022-11-10 |
| 2022-08-05 | 4 | $0.15 | 3.95% | 2022-07-26 | 2022-08-08 | 2022-08-12 |
| 2022-05-05 | 4 | $0.15 | 4.07% | 2022-04-27 | 2022-05-06 | 2022-05-12 |
| 2022-02-02 | 4 | $0.15 | 3.95% | 2022-01-24 | 2022-02-03 | 2022-02-10 |
| 2021-11-04 | 4 | $0.1 | 2.83% | 2021-10-25 | 2021-11-05 | 2021-11-12 |
| 2021-08-02 | 4 | $0.1 | 3.57% | 2021-07-21 | 2021-08-03 | 2021-08-10 |
| 2021-04-30 | 4 | $0.1 | 3.25% | 2021-04-26 | 2021-05-03 | 2021-05-10 |
With a dividend yield that places it neither at the top nor the bottom, Capital Product Partners finds itself in the middle among its industry peers, while Diana Shipping (NYSE:DSX) boasts the highest annualized dividend yield at 20.27%.
Analyzing Capital Product Partners Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2020 to 2023, the company experienced a reduction in its dividend per share, decreasing from $0.90 to $0.60. This decline in dividends may raise concerns among investors and warrants further analysis to understand the factors contributing to this negative trend.
YoY Earnings Growth For Capital Product Partners
From 2020 to 2023, Capital Product Partners experienced a growth in earnings per share, with an increase from $1.53 to $3.11. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we delve into Capital Product Partners's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.15 per share today, resulting in an annualized dividend yield of 3.37%.
With a dividend yield that places it neither at the top nor the bottom, Capital Product Partners finds itself in the middle among its industry peers, while Diana Shipping boasts the highest annualized dividend yield at 20.27%.
Considering the decrease in dividend per share from 2020 to 2023 along with an increase in earnings per share, Capital Product Partners seems to be allocating more profits towards business expansion instead of dividend payments.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[See current stock movements Capital Product Partners on Benzinga.](https://www.benzinga.com/quote/Capital Product Partners (NASDAQ: CPLP))
This article was generated by Benzinga's automated content engine and reviewed by an editor.