KNOT Offshore Partners LP (NYSE:KNOP) Declares Dividend Increase - $0.05 Per Share

Key Points

• KNOT Offshore Partners raised its quarterly dividend to $0.05 per share (from $0.03), a 92.3% increase
• The distribution appears well-covered: the current payout ratio is 10.1%, analysts forecast $0.53 EPS next year (implying an ~18.9% payout ratio), and the stock trades around $10.05 with a market cap near $342 million and a ~14.8 PE.

KNOT Offshore Partners LP (NYSE:KNOP - Get Free Report) announced a quarterly dividend on Tuesday, April 7th. Stockholders of record on Monday, April 27th will be paid a dividend of 0.05 per share by the shipping company on Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, April 27th. This is a 92.3% increase from KNOT Offshore Partners's previous quarterly dividend of $0.03.

KNOT Offshore Partners has decreased its dividend payment by an average of 0.5%annually over the last three years. KNOT Offshore Partners has a dividend payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect KNOT Offshore Partners to earn $0.53 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 18.9%.

KNOT Offshore Partners Stock Performance

Shares of KNOT Offshore Partners stock traded down $0.23 during trading on Tuesday, reaching $10.05. The company's stock had a trading volume of 72,840 shares, compared to its average volume of 125,142. The business's 50-day moving average price is $10.34 and its 200-day moving average price is $9.99. The firm has a market cap of $342.29 million, a PE ratio of 14.79 and a beta of -0.10. KNOT Offshore Partners has a 52 week low of $5.45 and a 52 week high of $11.15. The company has a quick ratio of 0.25, a current ratio of 0.26 and a debt-to-equity ratio of 1.07.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP is a publicly traded limited partnership formed in 2013 to own and operate shuttle tankers under long‐term charters in the offshore oil industry. Listed on the New York Stock Exchange under the symbol KNOP, the partnership specializes in the transportation of crude oil from offshore production facilities to onshore refineries. Its fleet comprises moderne shuttle tankers equipped with dynamic positioning systems, enabling safe transfer operations in harsh weather and sea conditions.

The partnership's vessels primarily serve fields in the North Sea, Brazil and West Africa, where they operate under multi‐year contracts with major energy producers.

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