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

Key Points

• Capital Clean Energy Carriers declared a quarterly dividend of $0.15 per share, payable November 12 to shareholders of record on November 3. The dividend represents $0.60 annually and a 3.0% yield.
• The company’s latest quarterly earnings exceeded expectations, with EPS of $0.48 versus the $0.32 consensus estimate, while revenue came in at $104.9 million.
• Analyst sentiment is mixed but leans toward caution: CCEC has a consensus “Hold” rating and an average price target of $24.75, compared with a recent share price of $20.22.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.15 per share on Thursday, November 12th. This represents a $0.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, November 3rd.

Capital Clean Energy Carriers has decreased its dividend by an average of 0.1% annually over the last three years.

Capital Clean Energy Carriers Stock Performance

NASDAQ CCEC opened at $20.22 on Friday. The company has a market cap of $1.18 billion, a P/E ratio of 12.02 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.13 and a current ratio of 1.15. The business's 50 day moving average price is $21.68 and its 200-day moving average price is $21.50. Capital Clean Energy Carriers has a fifty-two week low of $16.77 and a fifty-two week high of $23.95.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.16. The company had revenue of $104.90 million during the quarter, compared to the consensus estimate of $106.10 million. Capital Clean Energy Carriers had a return on equity of 6.55% and a net margin of 27.73%. Sell-side analysts predict that Capital Clean Energy Carriers will post 1.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCEC has been the subject of a number of recent analyst reports. Zacks Research cut shares of Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Weiss Ratings lowered shares of Capital Clean Energy Carriers from a "buy (b)" rating to a "hold (c)" rating in a research report on Friday, October 9th. Jefferies Financial Group reissued a "hold" rating and issued a $23.00 price objective on shares of Capital Clean Energy Carriers in a research note on Monday, August 3rd. Finally, BTIG Research restated a "buy" rating and set a $25.00 target price on shares of Capital Clean Energy Carriers in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $24.75.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp. is a maritime transportation company focused primarily on the ownership and operation of vessels that transport liquefied natural gas (LNG) and other energy products. The company's fleet includes LNG carriers and other vessels serving the international energy supply chain, with operations conducted through long-term and other commercial charter arrangements.

The company is transitioning toward a cleaner-energy-focused shipping platform, with LNG transportation as a central part of its strategy.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.