Global Partners LP (GLP) To Go Ex-Dividend on February 10th

Global Partners LP (NYSE:GLP) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Monday, February 10th will be paid a dividend of 0.74 per share by the energy company on Friday, February 14th. This represents a $2.96 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Global Partners’s previous quarterly dividend of $0.73.

Global Partners has raised its dividend payment by an average of 7.9% per year over the last three years.

Global Partners Price Performance

Shares of GLP stock opened at $54.70 on Friday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.52 and a beta of 1.47. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.64 and a current ratio of 1.14. The stock’s 50-day simple moving average is $51.02 and its 200-day simple moving average is $46.65. Global Partners has a fifty-two week low of $37.00 and a fifty-two week high of $58.76.

Global Partners (NYSE:GLP) last posted its quarterly earnings data on Friday, November 8th. The energy company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.40). The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $5.88 billion. Global Partners had a return on equity of 22.07% and a net margin of 0.82%. During the same quarter in the previous year, the firm posted $0.60 earnings per share. As a group, equities analysts forecast that Global Partners will post 2.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their target price on shares of Global Partners from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Global Partners Company Profile

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.