Today, February 09, 2024, marks an important moment for investors of CrossAmerica Partners CAPL. The company will distribute a dividend payout of $0.53 per share, demonstrating an annualized dividend yield of 9.11%. Remember, only shareholders prior to the ex-dividend date on February 01, 2024 are eligible for this payout.
CrossAmerica Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-01 | 4 | $0.53 | 9.11% | 2024-01-22 | 2024-02-02 | 2024-02-09 |
| 2023-11-02 | 4 | $0.53 | 9.6% | 2023-10-23 | 2023-11-03 | 2023-11-10 |
| 2023-08-03 | 4 | $0.53 | 10.68% | 2023-07-25 | 2023-08-04 | 2023-08-11 |
| 2023-05-02 | 4 | $0.53 | 9.55% | 2023-04-20 | 2023-05-03 | 2023-05-10 |
| 2023-02-02 | 4 | $0.53 | 10.01% | 2023-01-19 | 2023-02-03 | 2023-02-10 |
| 2022-11-02 | 4 | $0.53 | 11.04% | 2022-10-20 | 2022-11-03 | 2022-11-10 |
| 2022-08-02 | 4 | $0.53 | 10.22% | 2022-07-21 | 2022-08-03 | 2022-08-10 |
| 2022-05-02 | 4 | $0.53 | 9.3% | 2022-04-21 | 2022-05-03 | 2022-05-11 |
| 2022-02-02 | 4 | $0.53 | 9.37% | 2022-01-20 | 2022-02-03 | 2022-02-10 |
| 2021-11-02 | 4 | $0.53 | 9.66% | 2021-10-21 | 2021-11-03 | 2021-11-10 |
| 2021-08-02 | 4 | $0.53 | 10.93% | 2021-07-22 | 2021-08-03 | 2021-08-10 |
| 2021-05-03 | 4 | $0.53 | 10.73% | 2021-04-22 | 2021-05-04 | 2021-05-11 |
CrossAmerica Partners's dividend yield falls in the middle range when compared to its industry peers, with Okeanis Eco Tankers ECO having the highest annualized dividend yield at 18.44%.
Analyzing CrossAmerica 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
The company has consistently maintained a dividend per share of $2.10 from 2020 to 2023. This unwavering dividend policy instills confidence in investors, as they can rely on a consistent income stream from the company's dividends.
YoY Earnings Growth For CrossAmerica Partners
The earnings chart above reveals a decrease in CrossAmerica Partners's earnings per share, declining from $2.82 in 2020 to $1.06 in 2023. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
In this article, we explore the recent dividend payout of CrossAmerica Partners and its significance for shareholders. The company has decided to distribute a dividend of $0.53 per share today, which equates to an annualized dividend yield of 9.11%.
CrossAmerica Partners's dividend yield falls in the middle range when compared to its industry peers, with Okeanis Eco Tankers having the highest annualized dividend yield at 18.44%.
Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent decrease in earnings per share for CrossAmerica Partners highlights a deteriorating financial status, potentially impacting the company's ability to share profits with its investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[See current stock movements CrossAmerica Partners on Benzinga.](https://www.benzinga.com/quote/CrossAmerica Partners (NYSE: CAPL))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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