USD Partners LP (USDP) Raises Dividend to $0.35 Per Share

USD Partners LP (NYSE:USDP) declared a quarterly dividend on Thursday, February 1st, Fidelity reports. Stockholders of record on Monday, February 12th will be paid a dividend of 0.35 per share by the transportation company on Friday, February 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.17%. The ex-dividend date of this dividend is Friday, February 9th. This is an increase from USD Partners’s previous quarterly dividend of $0.35.

USD Partners has a payout ratio of 126.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect USD Partners to earn $1.18 per share next year, which means the company may not be able to cover its $1.38 annual dividend with an expected future payout ratio of 116.9%.

USD Partners (NYSE:USDP) opened at $11.50 on Thursday. The company has a market capitalization of $307.07, a P/E ratio of 11.89 and a beta of 0.87. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.50. USD Partners has a 1-year low of $9.00 and a 1-year high of $15.30.

USD Partners (NYSE:USDP) last announced its earnings results on Wednesday, November 8th. The transportation company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). USD Partners had a return on equity of 35.73% and a net margin of 19.98%. research analysts forecast that USD Partners will post 1.09 earnings per share for the current year.

USDP has been the subject of a number of research analyst reports. ValuEngine lowered USD Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America raised USD Partners from an “underperform” rating to a “neutral” rating in a research note on Friday, February 2nd. BidaskClub lowered USD Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. B. Riley set a $11.00 price target on USD Partners and gave the stock a “neutral” rating in a research note on Monday, December 18th. Finally, Zacks Investment Research lowered USD Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. USD Partners presently has an average rating of “Hold” and a consensus price target of $13.67.

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About USD Partners

USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.

Dividend History for USD Partners (NYSE:USDP)

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