Capital Product Partners L P's last quarterly dividend of $0.15 per share was on May 6, 2024 (ex-date). The annualized dividend payment of $0.6 per share represents a current dividend yield of 3.72%.
CPLP has a dividend yield of 3.72% which is above the Industrials sector and the industry average. Compared to its Industrials sector average of 1.42%, Capital Product Partners L P's dividend yield is 162% higher. Historically CPLP's dividend yield has averaged at 6.5% in the last 5 years, which is above the current yield.
Capital Product Partners L P has a history of paying dividends since 2007. Our records of CPLP show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same for the last twelve months. But with the stock price up by 27% from a year ago, the dividend yield has decreased by 21%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 6, 2024 | May 14, 2024 | Apr 25, 2024 | $0.15 | normal |
| Feb 5, 2024 | Feb 13, 2024 | Jan 25, 2024 | $0.15 | normal |
| Nov 3, 2023 | Nov 13, 2023 | Oct 23, 2023 | $0.15 | normal |
| Aug 1, 2023 | Aug 8, 2023 | Jul 20, 2023 | $0.15 | normal |
| May 5, 2023 | May 12, 2023 | Apr 25, 2023 | $0.15 | normal |
| Feb 6, 2023 | Feb 10, 2023 | Jan 26, 2023 | $0.15 | normal |
| Nov 1, 2022 | Nov 10, 2022 | Oct 20, 2022 | $0.15 | normal |
| Aug 5, 2022 | Aug 12, 2022 | Jul 26, 2022 | $0.15 | normal |
| May 5, 2022 | May 12, 2022 | Apr 27, 2022 | $0.15 | normal |
| Feb 2, 2022 | Feb 10, 2022 | Jan 24, 2022 | $0.15 | normal |
| Nov 4, 2021 | Nov 12, 2021 | Oct 25, 2021 | $0.1 | normal |
| Aug 2, 2021 | Aug 10, 2021 | Jul 21, 2021 | $0.1 | normal |
| Apr 30, 2021 | May 10, 2021 | Apr 26, 2021 | $0.1 | normal |
| Feb 1, 2021 | Feb 10, 2021 | Jan 22, 2021 | $0.1 | normal |
| Oct 30, 2020 | Nov 10, 2020 | Oct 21, 2020 | $0.1 | normal |
| Aug 6, 2020 | Aug 14, 2020 | Jul 31, 2020 | $0.1 | normal |
| May 7, 2020 | May 15, 2020 | Apr 28, 2020 | $0.35 | normal |
| Jan 31, 2020 | Feb 11, 2020 | Jan 21, 2020 | $0.35 | normal |
| Oct 31, 2019 | Nov 8, 2019 | Oct 22, 2019 | $0.315 | normal |
| Aug 1, 2019 | Aug 15, 2019 | Jul 23, 2019 | $0.315 | normal |
| May 10, 2019 | May 15, 2019 | May 3, 2019 | $0.315 | normal |
| Feb 4, 2019 | Feb 14, 2019 | Jan 22, 2019 | $0.315 | normal |
CPLP has a payout ratio of 26.4% which is lower than the Industrials sector and the industry average. If we compare it with the Industrials sector average of 31%, Capital Product Partners L P's payout ratio is 15% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CPLP Capital Product Partners L P | 3.72% | $0.6 | 26.4% |
| STNG Scorpio Tankers Inc | 1.72% | $1.25 | 12% |
Yes, Capital Product Partners L P has been paying dividends for the last 17 years.
CPLP hasn't announced its next dividend date yet, but if we take into consideration its recent dividend frequency, it is likely that its next dividend will be in August 2024.
Capital Product Partners L P's last regular dividend was on May 6, 2024 (ex-date) with the amount of $0.15 per share.
CPLP's annualized dividend per share is $0.6.
Capital Product Partners L P's current dividend yield is 3.72%.
Capital Product Partners L P pays dividends quarterly.
Capital Product Partners L P's dividend payout ratio is 26.4%.
Capital Product Partners L P's dividend yield is above the Industrials sector average.