Capital Product Partners L.P. (NASDAQ:CPLP) is expected to pay $0.08 on Nov 14, 2016. The indicated annual dividend is $0.30. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Capital Product Partners L.P.’s current price of $3.05, the dividend is 2.46%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 20, 2016. The stock decreased 1.93% or $0.06 on October 31, hitting $3.05. Capital Product Partners L.P. (NASDAQ:CPLP) has declined 4.11% since March 31, 2016 and is downtrending. It has underperformed by 6.64% the S&P500.
Capital Product Partners L.P. is an international owner of modern tanker, container and drybulk vessels. The company has a market cap of $420.06 million. The Partnership owns approximately 35 vessels, including twenty modern Medium Range product tankers, four Suezmax crude oil tankers, 10 post panamax container vessels and one Capesize bulk carrier. It has a 8.29 P/E ratio. All of its vessels are under period charters to BP Shipping Limited, Cargill International S.A., CMA-CGM S.A., Cosco Bulk Carrier Co.
Capital Product Partners L.P. (NASDAQ:CPLP) Ratings Coverage
Out of 6 analysts covering Capital Product Partners L.P. (NASDAQ:CPLP), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Capital Product Partners L.P. has been the topic of 9 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks on Thursday, August 27 to “Hold”. The firm has “Market Perform” rating by Wells Fargo given on Friday, March 11. The rating was downgraded by Seaport Global on Monday, March 7 to “Neutral”. The stock has “Buy” rating given by Standpoint Research on Friday, March 18. On Friday, December 4 the stock rating was initiated by Janney Capital with “Buy”. The stock has “Hold” rating given by Zacks on Monday, September 7. The stock has “Buy” rating given by Zacks on Tuesday, August 25. Wells Fargo upgraded the shares of CPLP in a report on Tuesday, October 27 to “Outperform” rating.
More recent Capital Product Partners L.P. (NASDAQ:CPLP) news were published by: Seekingalpha.com which released: “Capital Product Partners Q3: My Takeaways” on November 01, 2016. Also Fool.com published the news titled: “Here’s Why Capital Products Partners L.P. Is Sinking Today” on April 26, 2016. Seekingalpha.com‘s news article titled: “Capital Product Partners – Floating With Captain Graham” with publication date: October 20, 2016 was also an interesting one.
CPLP Company Profile
Capital Product Partners L.P., incorporated on January 16, 2007, is an international owner of tanker, container and drybulk vessels. The Company’s fleet consists of approximately 30 vessels (2.5 million deadweight tonnage (dwt)) with an average age of approximately 6.8 years. The Company’s fleet consists of over four Suezmax crude oil tankers, over 20 medium range (MR) tankers, all of which are classed as International Maritime Organization (IMO) II/III vessels, approximately nine post-panamax container carrier vessels and over one Capesize bulk carrier. The Company’s vessels are capable of carrying a range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods.
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