CrossAmerica Partners LP (CAPL) To Go Ex-Dividend on February 3rd

CrossAmerica Partners LP (NYSE:CAPL) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Investors of record on Monday, February 3rd will be given a dividend of 0.525 per share by the oil and gas company on Thursday, February 13th. This represents a $2.10 annualized dividend and a dividend yield of 9.46%. The ex-dividend date is Monday, February 3rd.

CrossAmerica Partners has a dividend payout ratio of 567.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CrossAmerica Partners to earn $0.22 per share next year, which means the company may not be able to cover its $2.10 annual dividend with an expected future payout ratio of 954.5%.

CrossAmerica Partners Stock Up 1.4 %

Shares of CrossAmerica Partners stock opened at $22.19 on Friday. CrossAmerica Partners has a twelve month low of $18.43 and a twelve month high of $24.19. The company has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $20.80. The stock has a market capitalization of $844.41 million, a price-to-earnings ratio of 42.68 and a beta of 1.46.

CrossAmerica Partners (NYSE:CAPL) last released its earnings results on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.28 billion. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. During the same period in the prior year, the company posted $0.31 EPS. On average, sell-side analysts anticipate that CrossAmerica Partners will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th.

CrossAmerica Partners Company Profile

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.