CrossAmerica Partners LP Announces Quarterly Dividend of $0.53 (NYSE:CAPL)

CrossAmerica Partners LP (NYSE:CAPL) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Monday, November 3rd will be given a dividend of 0.525 per share by the oil and gas company on Thursday, November 13th. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date is Monday, November 3rd.

CrossAmerica Partners has a dividend payout ratio of 411.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Performance

CrossAmerica Partners stock opened at $20.32 on Thursday. The company has a market cap of $774.41 million, a PE ratio of 17.98 and a beta of 0.48. The business’s 50-day simple moving average is $20.64 and its two-hundred day simple moving average is $21.45. CrossAmerica Partners has a fifty-two week low of $19.50 and a fifty-two week high of $25.73.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.13). The company had revenue of $961.93 million during the quarter, compared to analyst estimates of $793.52 million. CrossAmerica Partners had a net margin of 1.19% and a negative return on equity of 32.78%. As a group, analysts predict that CrossAmerica Partners will post 0.42 EPS for the current fiscal year.

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.