Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) to Issue $0.15 Quarterly Dividend

Key Points

• Capital Clean Energy Carriers Corp. has announced a quarterly dividend of $0.15 per share, set to be paid on November 13th to stockholders of record on November 3rd.
• The company reported $0.51 earnings per share for the last quarter, exceeding estimates, alongside a net margin of 55.58%.
• Capital Clean Energy Carriers holds a market cap of $1.27 billion and has received a consensus rating of "Moderate Buy" from analysts.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Stockholders of record on Monday, November 3rd will be paid a dividend of 0.15 per share on Thursday, November 13th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, November 3rd.

Capital Clean Energy Carriers Price Performance

Shares of Capital Clean Energy Carriers stock opened at $21.78 on Thursday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.64 and a current ratio of 1.66. The firm's 50-day simple moving average is $21.75 and its 200-day simple moving average is $21.67. Capital Clean Energy Carriers has a twelve month low of $14.09 and a twelve month high of $24.83. The firm has a market cap of $1.27 billion, a P/E ratio of 6.83 and a beta of 0.56.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.11. Capital Clean Energy Carriers had a net margin of 55.58% and a return on equity of 10.70%. The business had revenue of $104.20 million for the quarter, compared to analyst estimates of $109.11 million. As a group, research analysts expect that Capital Clean Energy Carriers will post 1.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "buy (b)" rating on shares of Capital Clean Energy Carriers in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Capital Clean Energy Carriers has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.

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