At the end of today, August 14, 2023, Crestwood Equity Partners CEQP will distribute a dividend payout of $0.66 per share, translating to an annualized dividend yield of 9.19%. Shareholders who held the stock before the ex-dividend date on August 04, 2023 will benefit from this payout.
Crestwood Equity Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-04 | 4 | $0.66 | 9.19% | 2023-07-20 | 2023-08-07 | 2023-08-14 |
| 2023-05-05 | 4 | $0.66 | 10.48% | 2023-04-20 | 2023-05-08 | 2023-05-15 |
| 2023-02-06 | 4 | $0.66 | 9.91% | 2023-01-19 | 2023-02-07 | 2023-02-14 |
| 2022-11-04 | 4 | $0.66 | 8.66% | 2022-10-20 | 2022-11-07 | 2022-11-14 |
| 2022-08-04 | 4 | $0.66 | 10.66% | 2022-07-14 | 2022-08-05 | 2022-08-12 |
| 2022-05-05 | 4 | $0.66 | 8.4% | 2022-04-14 | 2022-05-06 | 2022-05-13 |
| 2022-02-04 | 4 | $0.62 | 8.58% | 2022-01-20 | 2022-02-07 | 2022-02-14 |
| 2021-11-04 | 4 | $0.62 | 8.43% | 2021-10-14 | 2021-11-05 | 2021-11-12 |
| 2021-08-05 | 4 | $0.62 | 8.84% | 2021-07-15 | 2021-08-06 | 2021-08-13 |
| 2021-05-06 | 4 | $0.62 | 9.02% | 2021-04-15 | 2021-05-07 | 2021-05-14 |
| 2021-02-04 | 4 | $0.62 | 12.05% | 2021-01-21 | 2021-02-05 | 2021-02-12 |
| 2020-11-05 | 4 | $0.62 | 16.94% | 2020-10-15 | 2020-11-06 | 2020-11-13 |
With a dividend yield that places it neither at the top nor the bottom, Crestwood Equity Partners finds itself in the middle among its industry peers, while TORM TRMD boasts the highest annualized dividend yield at 22.24%.
Analyzing Crestwood Equity 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
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $2.40 to $2.59, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Crestwood Equity Partners
The earnings chart highlights a decrease in Crestwood Equity Partners's earnings per share, declining from $0.49 in 2019 to $0.25 in 2022. This decline in earnings raises a red flag for income-seeking investors, as it suggests a potential decrease in the company's ability to generate cash for dividend payouts. It is essential to closely examine the factors behind this decrease and assess the long-term impact on dividend sustainability.
Recap
In this article, we delve into Crestwood Equity Partners's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.66 per share today, resulting in an annualized dividend yield of 9.19%.
With a dividend yield that places it neither at the top nor the bottom, Crestwood Equity Partners finds itself in the middle among its industry peers, while TORM boasts the highest annualized dividend yield at 22.24%.
With dividend per share increasing and earnings per share decreasing from 2019 to 2022, Crestwood Equity Partners seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
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.
[Monitor live stock price updates for Crestwood Equity Partners on Benzinga.](https://www.benzinga.com/quote/Crestwood Equity Partners (NYSE: CEQP))
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
