Global Partners's most recent quarterly dividend of $0.625 per share was on Nov 7, 2022 (ex-date). At an annualized rate of $2.41 per share, the stock yields 7.69%. The latest GLP distribution of $0.625 marks a dividend growth of 3.3%.
Global Partners's dividend yield of 7.69% is higher than the Energy sector, the industry and its peers average. In comparison with the Energy sector average of 3.8%, Global Partners's dividend yield is 102% higher. The historical 5-year average of GLP's dividend yield is 10.5%, which is higher than the current one.
Global Partners has a history of paying dividends since 2006. Our records of GLP show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 6% for the last year. However since the stock price has gone up by 34% from a year ago, the dividend yield has decreased by 21%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 7, 2022 | Nov 14, 2022 | Oct 25, 2022 | $0.625 | normal |
| Aug 5, 2022 | Aug 12, 2022 | Jul 26, 2022 | $0.605 | normal |
| May 6, 2022 | May 13, 2022 | Apr 26, 2022 | $0.595 | normal |
| Feb 7, 2022 | Feb 14, 2022 | Jan 25, 2022 | $0.585 | normal |
| Nov 5, 2021 | Nov 12, 2021 | Oct 25, 2021 | $0.575 | normal |
| Aug 6, 2021 | Aug 13, 2021 | Jul 27, 2021 | $0.575 | normal |
| May 7, 2021 | May 14, 2021 | Apr 26, 2021 | $0.575 | normal |
| Feb 5, 2021 | Feb 12, 2021 | Jan 26, 2021 | $0.55 | normal |
| Jan 29, 2021 | Feb 16, 2021 | Jan 19, 2021 | $0.609 | normal |
| Nov 6, 2020 | Nov 13, 2020 | Oct 26, 2020 | $0.5 | normal |
| Aug 7, 2020 | Aug 14, 2020 | Jul 31, 2020 | $0.459 | normal |
| May 8, 2020 | May 15, 2020 | Apr 27, 2020 | $0.394 | normal |
| Feb 7, 2020 | Feb 14, 2020 | Jan 27, 2020 | $0.525 | normal |
| Nov 7, 2019 | Nov 14, 2019 | Oct 25, 2019 | $0.52 | normal |
| Aug 8, 2019 | Aug 14, 2019 | Jul 26, 2019 | $0.515 | normal |
| May 9, 2019 | May 15, 2019 | Apr 29, 2019 | $0.51 | normal |
| Feb 7, 2019 | Feb 14, 2019 | Jan 28, 2019 | $0.5 | normal |
| Nov 8, 2018 | Nov 14, 2018 | Oct 26, 2018 | $0.475 | normal |
| Aug 8, 2018 | Aug 14, 2018 | Jul 27, 2018 | $0.475 | normal |
| May 9, 2018 | May 15, 2018 | Apr 27, 2018 | $0.463 | normal |
| Feb 8, 2018 | Feb 14, 2018 | Jan 29, 2018 | $0.463 | normal |
| Nov 8, 2017 | Nov 14, 2017 | Oct 27, 2017 | $0.463 | normal |
| Aug 7, 2017 | Aug 14, 2017 | Jul 28, 2017 | $0.463 | normal |
| May 8, 2017 | May 15, 2017 | Apr 28, 2017 | $0.463 | normal |
| Feb 7, 2017 | Feb 14, 2017 | Jan 30, 2017 | $0.463 | normal |
| Nov 4, 2016 | Nov 14, 2016 | Oct 26, 2016 | $0.463 | normal |
| Aug 4, 2016 | Aug 12, 2016 | Jul 27, 2016 | $0.463 | normal |
| May 4, 2016 | May 16, 2016 | Apr 26, 2016 | $0.463 | normal |
Global Partners's payout ratio of 26.9% is below the Energy sector, the industry and its peers average. If we compare it with its Energy sector average of 41.3%, Global Partners's payout ratio is 35% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CAPL CrossAmerica Partners LP | 10.63% | $2.1 | 140% |
| SPH Suburban Propane Partners Lp | 7.97% | $1.3 | 58.8% |
| GLP Global Partners Lp | 7.69% | $2.41 | 26.9% |
| CEQP Crestwood Equity Partners LP | 6.92% | $1.97 | 854.3% |
| SGU Star Group Lp | 6.83% | $0.6 | 44.2% |
| PSX Phillips 66 | 3.55% | $3.83 | 17.5% |
| AE Adams Resources & Energy Inc | 2.5% | $0.96 | 30.8% |
| INT World Fuel Services Corp | 1.83% | $0.5 | 28.6% |
Yes, Global Partners has been paying dividends for the last 16 years.
GLP hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in February 2023.
Global Partners's last regular dividend was on Nov 7, 2022 (ex-date) with the amount of $0.625 per share.
On an annual basis GLP pays $2.41 per share.
Global Partners's current dividend yield is 7.69%.
Global Partners has a quarterly dividend frequency.
The dividend payout ratio of Global Partners is 26.9%.
Global Partners's dividend yield is higher than the Energy sector average.