Sustaining Growth Momentum: Kimbell Royalty Partners Continues to Excel and Reports Rising Profits
By the end of today, November 20, 2023, Kimbell Royalty Partners (NYSE:KRP) is set to deliver a dividend payout of $0.51 per share, equating to an annualized dividend yield of 12.66%. The company's dividend payout went ex-dividend on November 10, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Kimbell Royalty Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-10 | 4 | $0.51 | 12.66% | 2023-11-02 | 2023-11-13 | 2023-11-20 |
| 2023-08-11 | 4 | $0.39 | 9.93% | 2023-08-02 | 2023-08-14 | 2023-08-21 |
| 2023-05-12 | 4 | $0.35 | 8.96% | 2023-05-03 | 2023-05-15 | 2023-05-22 |
| 2023-03-08 | 4 | $0.48 | 13.16% | 2023-02-23 | 2023-03-09 | 2023-03-16 |
| 2022-11-10 | 4 | $0.49 | 10.09% | 2022-11-03 | 2022-11-14 | 2022-11-21 |
| 2022-08-12 | 4 | $0.55 | 12.5% | 2022-08-03 | 2022-08-15 | 2022-08-22 |
| 2022-04-29 | 4 | $0.47 | 10.94% | 2022-04-22 | 2022-05-02 | 2022-05-09 |
| 2022-01-28 | 4 | $0.37 | 10.05% | 2022-01-21 | 2022-01-31 | 2022-02-07 |
| 2021-10-29 | 4 | $0.37 | 9.72% | 2021-10-22 | 2021-11-01 | 2021-11-08 |
| 2021-07-30 | 4 | $0.31 | 10.51% | 2021-07-23 | 2021-08-02 | 2021-08-09 |
| 2021-04-30 | 4 | $0.27 | 10.74% | 2021-04-23 | 2021-05-03 | 2021-05-10 |
| 2021-01-29 | 4 | $0.19 | 8.59% | 2021-01-22 | 2021-02-01 | 2021-02-08 |
Kimbell Royalty Partners's dividend yield falls in the middle range when compared to its industry peers, with Berry Corp (NASDAQ:BRY) having the highest annualized dividend yield at 13.82%.
Analyzing Kimbell Royalty 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 increase in the company's dividend per share, rising from $1.58 in 2019 to $1.88 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Kimbell Royalty Partners
Investors can observe a growth in earnings for Kimbell Royalty Partners from 2019 to 2022, as earnings per share increased from $-1.58 to $1.71. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article takes an in-depth look at Kimbell Royalty Partners's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.51 per share today, translating to an annualized dividend yield of 12.66%.
Kimbell Royalty Partners's dividend yield falls in the middle range when compared to its industry peers, with Berry Corp having the highest annualized dividend yield at 13.82%.
The upward trend in dividend per share and earnings per share for Kimbell Royalty Partners from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.