USD Partners LP (NYSE:USDP) announced a quarterly dividend on Thursday, July 23rd, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.111 per share by the transportation company on Friday, August 14th. This represents a $0.44 dividend on an annualized basis and a yield of 13.29%. The ex-dividend date is Monday, August 3rd.
USD Partners has raised its dividend by an average of 16.9% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. USD Partners has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings.
USD Partners stock opened at $3.34 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 5.48. The firm’s fifty day moving average is $3.36 and its 200 day moving average is $5.19. The company has a market cap of $89.83 million, a price-to-earnings ratio of -2.98 and a beta of 1.30. USD Partners has a 52-week low of $1.00 and a 52-week high of $11.95.
Separately, ValuEngine upgraded USD Partners from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd.
USD Partners Company Profile
USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. The company operates through two segments, Terminalling Services and Fleet Services. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and terminals in San Antonio, Texas and West Colton, California, which are unit train-capable destination terminals that transload ethanol received by rail from producers onto trucks.
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