Responding to Performance Concerns: Green Plains Partners Manages Decreased Earnings and Adjusts Dividends
Today, November 10, 2023, marks an important moment for investors of Green Plains Partners (NASDAQ:GPP). The company will distribute a dividend payout of $0.46 per share, demonstrating an annualized dividend yield of 12.75%. Remember, only shareholders prior to the ex-dividend date on November 02, 2023 are eligible for this payout.
Green Plains Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-02 | 4 | $0.46 | 12.75% | 2023-10-19 | 2023-11-03 | 2023-11-10 |
| 2023-08-03 | 4 | $0.46 | 13.11% | 2023-07-20 | 2023-08-04 | 2023-08-11 |
| 2023-05-04 | 4 | $0.46 | 14.05% | 2023-04-20 | 2023-05-05 | 2023-05-12 |
| 2023-02-02 | 4 | $0.46 | 13.75% | 2023-01-19 | 2023-02-03 | 2023-02-10 |
| 2022-11-03 | 4 | $0.46 | 14.39% | 2022-10-20 | 2022-11-04 | 2022-11-14 |
| 2022-08-04 | 4 | $0.45 | 14.11% | 2022-07-21 | 2022-08-05 | 2022-08-12 |
| 2022-05-05 | 4 | $0.45 | 12.47% | 2022-04-21 | 2022-05-06 | 2022-05-13 |
| 2022-02-03 | 4 | $0.44 | 11.91% | 2022-01-20 | 2022-02-04 | 2022-02-11 |
| 2021-11-04 | 4 | $0.43 | 12.34% | 2021-10-19 | 2021-11-05 | 2021-11-12 |
| 2021-08-05 | 4 | $0.12 | 3.65% | 2021-07-22 | 2021-08-06 | 2021-08-13 |
| 2021-05-06 | 4 | $0.12 | 3.92% | 2021-04-22 | 2021-05-07 | 2021-05-14 |
| 2021-02-04 | 4 | $0.12 | 5.0% | 2021-01-21 | 2021-02-05 | 2021-02-12 |
In terms of dividend yield, Green Plains Partners finds itself in the middle ground among its industry peers, while USD Partners (NYSE:USDP) takes the lead with the highest annualized dividend yield at 133.51%.
Analyzing Green Plains 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
As you can see, from 2019 to 2022, investors saw an average decrease in the company's dividend per share, decreasing from $1.90 in 2019 to $1.79 in 2022. This is not favorable for investors as it indicates a decline in the company's dividend payout over the years. Further analysis is recommended to understand the factors contributing to this decrease.
YoY Earnings Growth For Green Plains Partners
From 2019 to 2022, Green Plains Partners experienced a decrease in earnings per share, dropping from $1.82 to $1.73. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
This article takes an in-depth look at Green Plains Partners's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.46 per share today, translating to an annualized dividend yield of 12.75%.
In terms of dividend yield, Green Plains Partners finds itself in the middle ground among its industry peers, while USD Partners takes the lead with the highest annualized dividend yield at 133.51%.
Considering the decrease in dividend per share from 2019 to 2022 along with a decrease in earnings per share, Green Plains Partners might face financial difficulties, potentially impacting their ability to continue distributing profits to investors.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.