KNOT Offshore Partners LP (NYSE:KNOP) Plans Quarterly Dividend of $0.03

KNOT Offshore Partners LP (NYSE:KNOP) announced a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Monday, January 27th will be paid a dividend of 0.026 per share by the shipping company on Thursday, February 6th. This represents a $0.10 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Monday, January 27th.

KNOT Offshore Partners has decreased its dividend payment by an average of 63.2% annually over the last three years. KNOT Offshore Partners has a dividend payout ratio of 12.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 0.6 %

Shares of NYSE:KNOP opened at $5.78 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. KNOT Offshore Partners has a 52-week low of $4.94 and a 52-week high of $9.11. The company has a fifty day moving average of $5.83 and a 200-day moving average of $6.47.

KNOT Offshore Partners (NYSE:KNOP) last issued its earnings results on Wednesday, December 4th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. During the same period last year, the firm posted $0.37 earnings per share. Analysts forecast that KNOT Offshore Partners will post 0.12 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of KNOT Offshore Partners from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

About KNOT Offshore Partners

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.