By the end of today, August 08, 2023, Capital Product Partners CPLP is set to deliver a dividend payout of $0.15 per share, equating to an annualized dividend yield of 3.93%. The company's dividend payout went ex-dividend on August 01, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Capital Product Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2021-02-01 | 4 | $0.1 | 4.2% | 2021-01-22 | 2021-02-02 | 2021-02-10 |
| 2020-10-30 | 4 | $0.1 | 5.26% | 2020-10-21 | 2020-11-02 | 2020-11-10 |
In terms of dividend yield, Capital Product Partners finds itself in the middle ground among its industry peers, while Diana Shipping DSX takes the lead with the highest annualized dividend yield at 18.99%.
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
As you can see, from 2019 to 2022, investors saw an average decrease in the company's dividend per share, decreasing from $1.26 in 2019 to $0.60 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 Capital Product Partners
The earnings chart above shows that from 2019 to 2022, Capital Product Partners has experienced an increase in their earnings from $1.08 per share to $3.77 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
In this article, we explore the recent dividend payout of Capital Product Partners and its significance for shareholders. The company has decided to distribute a dividend of $0.15 per share today, which equates to an annualized dividend yield of 3.93%.
In terms of dividend yield, Capital Product Partners finds itself in the middle ground among its industry peers, while Diana Shipping takes the lead with the highest annualized dividend yield at 18.99%.
The declining dividend per share and rising earnings per share of Capital Product Partners from 2019 to 2022 indicate a deliberate decision to prioritize reinvestment of profits into the company's operations over dividend payments.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
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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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