Today’s Dividend Alert: CrossAmerica Partners LP (NYSE:CAPL) dividends of $0.61 are projected for the near future; this is why.

Today's Dividend Alert: CrossAmerica Partners LP (NYSE:CAPL) dividends of $0.61 are projected for the near future; this is why.

CrossAmerica Partners LP (NYSE:CAPL) is expected to pay $0.61 on Nov 15, 2016. The indicated annual dividend is $2.43. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on CrossAmerica Partners LP’s current price of $25.55, the dividend is 2.38%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 26, 2016. The stock decreased 2.37% or $0.62 on October 31, hitting $25.55. Crossamerica Partners LP (NYSE:CAPL) has risen 10.85% since March 30, 2016 and is uptrending. It has outperformed by 7.83% the S&P500.

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The company has a market cap of $833.22 million. The Firm operates in two divisions: wholesale and retail. It has a 49.38 P/E ratio. The Company’s sites are located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire, Maine, Florida, Maryland, Delaware, Tennessee, Virginia, Illinois, Indiana and West Virginia.

Crossamerica Partners LP (NYSE:CAPL) Ratings Coverage

Out of 9 analysts covering CrossAmerica Partners (NYSE:CAPL), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. CrossAmerica Partners has been the topic of 14 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Tuesday, August 11, the company rating was maintained by Wunderlich. RBC Capital Markets initiated the stock with “Sector Perform” rating in Thursday, October 27 report. Robert W. Baird maintained Crossamerica Partners LP (NYSE:CAPL) rating on Tuesday, August 23. Robert W. Baird has “Outperform” rating and $30 price target. The stock of Crossamerica Partners LP (NYSE:CAPL) has “Buy” rating given on Thursday, June 23 by Janney Capital. Wunderlich maintained the stock with “Buy” rating in Wednesday, September 16 report. The company was downgraded on Friday, January 15 by Wells Fargo. The firm earned “Market Perform” rating on Monday, January 18 by Wells Fargo. The rating was upgraded by Robert W. Baird on Thursday, February 4 to “Outperform”. The stock of Crossamerica Partners LP (NYSE:CAPL) earned “Outperform” rating by Oppenheimer on Monday, August 10. As per Friday, September 9, the company rating was initiated by FBR Capital.

More news for Crossamerica Partners LP (NYSE:CAPL) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on October 08, 2014. Businesswire.com‘s article titled: “Owner of CrossAmerica Partners LP’s General Partner, CST Brands, Inc., Enters …” and published on August 22, 2016 is yet another important article.

CAPL Company Profile

CrossAmerica Partners LP, incorporated on December 2, 2011, is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Firm operates in two divisions: wholesale and retail. The Company’s sites are located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire, Maine, Florida, Maryland, Delaware, Tennessee, Virginia, Illinois, Indiana and West Virginia. The Firm also distributes motor fuel in Georgia and North Carolina. It distributes motor fuels at approximately 1,100 sites located in over 20 states. In addition, the Company, through One Stop convenience stores network, owns over 40 stores in Charleston, West Virginia.

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