KNOT Offshore Partners: Fulfilling Investor Expectations with Steady Earnings Performance
Today, August 10, 2023, marks an important moment for investors of KNOT Offshore Partners (NYSE:KNOP). The company will distribute a dividend payout of $0.03 per share, demonstrating an annualized dividend yield of 1.88%. Remember, only shareholders prior to the ex-dividend date on July 26, 2023 are eligible for this payout.
KNOT Offshore Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-26 | 4 | $0.03 | 1.88% | 2023-07-13 | 2023-07-27 | 2023-08-10 |
| 2023-04-26 | 4 | $0.03 | 2.05% | 2023-04-13 | 2023-04-27 | 2023-05-11 |
| 2023-01-25 | 4 | $0.03 | 1.0% | 2023-01-11 | 2023-01-26 | 2023-02-09 |
| 2022-10-26 | 4 | $0.52 | 14.27% | 2022-10-13 | 2022-10-27 | 2022-11-09 |
| 2022-07-27 | 4 | $0.52 | 11.91% | 2022-07-14 | 2022-07-28 | 2022-08-11 |
| 2022-04-27 | 4 | $0.52 | 11.76% | 2022-04-13 | 2022-04-28 | 2022-05-12 |
| 2022-01-27 | 4 | $0.52 | 13.51% | 2022-01-13 | 2022-01-28 | 2022-02-10 |
| 2021-10-27 | 4 | $0.52 | 10.42% | 2021-10-13 | 2021-10-28 | 2021-11-10 |
| 2021-07-28 | 4 | $0.52 | 10.48% | 2021-07-13 | 2021-07-29 | 2021-08-12 |
| 2021-04-28 | 4 | $0.52 | 11.52% | 2021-04-13 | 2021-04-29 | 2021-05-13 |
| 2021-01-28 | 4 | $0.52 | 12.0% | 2021-01-13 | 2021-01-29 | 2021-02-11 |
| 2020-10-29 | 4 | $0.52 | 15.62% | 2020-10-13 | 2020-10-30 | 2020-11-13 |
When comparing KNOT Offshore Partners's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer USD Partners (NYSE:USDP) having the highest annualized dividend yield at 64.58%.
Analyzing KNOT Offshore 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 2019 to 2022, the company maintained a consistent dividend per share of $2.08. This signifies the company's dedication to a stable dividend policy, which is reassuring for shareholders seeking reliable returns on their investments.
YoY Earnings Growth For KNOT Offshore Partners
The earnings chart above shows that from 2019 to 2022, KNOT Offshore Partners has experienced an increase in their earnings from $1.34 per share to $2.24 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article takes an in-depth look at KNOT Offshore Partners's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.03 per share today, translating to an annualized dividend yield of 1.88%.
When comparing KNOT Offshore Partners's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer USD Partners having the highest annualized dividend yield at 64.58%.
Despite no adjustment in the dividend per share over the period of 2019 to 2022, the consistent growth in earnings per share for KNOT Offshore Partners indicates a sound financial status, which could enable the company to continue sharing profits with its investors.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.