Dividend On Watch: Green Plains Partners LP (NASDAQ:GPP) gearing towards $0.42 dividends on Nov 14, 2016.

Dividend On Watch: Green Plains Partners LP (NASDAQ:GPP) gearing towards $0.42 dividends on Nov 14, 2016.

Green Plains Partners LP (NASDAQ:GPP) is expected to pay $0.42 on Nov 14, 2016. The indicated annual dividend is $1.68. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Green Plains Partners LP’s current price of $21.25, the dividend is 1.98%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 21, 2016. The stock decreased 0.84% or $0.18 during the last trading session, hitting $21.25. Green Plains Partners LP (NASDAQ:GPP) has risen 60.38% since March 30, 2016 and is uptrending. It has outperformed by 57.36% the S&P500.

Green Plains Partners LP provides fee fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The company has a market cap of $682.93 million. The Company’s parent firm is Green Plains Inc. . It has a 13.74 P/E ratio. The Firm was formed by Green Plains, a vertically integrated ethanol producer, to support its marketing and distribution activities as its primary downstream logistics provider.

Green Plains Partners LP (NASDAQ:GPP) Ratings Coverage

Out of 10 analysts covering Green Plains Partners LP (NASDAQ:GPP), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. Green Plains Partners LP has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, July 21, the company rating was initiated by Bank of America. On Thursday, August 18 the stock rating was initiated by DA Davidson with “Buy”. Raymond James initiated Green Plains Partners LP (NASDAQ:GPP) rating on Tuesday, July 21. Raymond James has “Strong Buy” rating and $22 price target. The firm has “Overweight” rating given on Tuesday, July 21 by Barclays Capital. The firm has “Neutral” rating given on Tuesday, July 21 by Macquarie Research. The firm earned “Overweight” rating on Tuesday, July 21 by Stephens. Barclays Capital downgraded the stock to “Equal Weight” rating in Monday, January 11 report. Barclays Capital maintained Green Plains Partners LP (NASDAQ:GPP) rating on Friday, February 12. Barclays Capital has “Equal Weight” rating and $15 price target. Robert W. Baird initiated the stock with “Outperform” rating in Tuesday, July 21 report. The stock has “Outperform” rating given by Credit Suisse on Tuesday, July 21.

More important recent Green Plains Partners LP (NASDAQ:GPP) news were published by: Reuters.com which released: “BRIEF-Green Plains Partners reports Q3 2016 financial results” on October 31, 2016, also Globenewswire.com published article titled: “Green Plains Partners LP Announces Pricing of Initial Public Offering”, Nasdaq.com published: “Green Plains Partners LP (GPP) Ex-Dividend Date Scheduled for August 03, 2016” on August 02, 2016. More interesting news about Green Plains Partners LP (NASDAQ:GPP) was released by: Globenewswire.com and their article: “Green Plains Partners to Present at the 4th Annual Credit Suisse MLP & Energy …” with publication date: June 16, 2016.

GPP Company Profile

Green Plains Partners LP, incorporated on March 2, 2015, provides fee fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The Company’s parent firm is Green Plains Inc. (Green Plains). The Firm was formed by Green Plains, a vertically integrated ethanol producer, to support its marketing and distribution activities as its primary downstream logistics provider.

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