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

Posted by Joseph McCarthy on Jan 9th, 2025

KNOT Offshore Partners LP (NYSE:KNOP – Get Free Report) declared a quarterly dividend on Thursday, January 9th,Wall Street Journal reports. Investors 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 1.66%. The ex-dividend date is Monday, January 27th.

KNOT Offshore Partners has decreased its dividend payment by an average of 63.2% per year 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 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 Trading Up 0.8 %

Shares of KNOP stock traded up $0.05 during trading hours on Thursday, reaching $6.26. The company’s stock had a trading volume of 70,734 shares, compared to its average volume of 114,827. 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 one year low of $4.94 and a one year high of $9.11. The stock has a market capitalization of $214.70 million, a P/E ratio of -14.56 and a beta of 0.74. The firm’s fifty day simple moving average is $5.85 and its 200 day simple moving average is $6.65.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on KNOT Offshore Partners

About KNOT Offshore Partners

(Get Free Report)

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.