Capital Product Stock To Go Ex-dividend Tomorrow (CPLP)

NEW YORK ( TheStreet) -- The ex-dividend date for Capital Product Partners (Nasdaq: CPLP) is tomorrow, November 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $7.07 as of 9:30 a.m. ET, the dividend yield is 13.3%.

The average volume for Capital Product has been 260,300 shares per day over the past 30 days. Capital Product has a market cap of $490.5 million and is part of the services sector and transportation industry. Shares are down 29% year to date as of the close of trading on Tuesday.

Capital Product Partners L.P., a shipping company, provides seaborne transportation of refined oil products and chemicals. It provides marine transportation services under medium- to long-term time charters or bareboat charters. The company has a P/E ratio of 12.3, above the average transportation industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7.
  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Capital Product as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full Capital Product Ratings Report.

See our dividend calendar or top-yielding stocks list.

null

More from Markets

Dow Rises for First Time in 9 Days, Oil Soars as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Soars as OPEC Agrees to Boost Output

Amazon's Big Weakness in the Supreme Court Sales Tax Ruling

Amazon's Big Weakness in the Supreme Court Sales Tax Ruling

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Tesla's Automotive Gross Margins May Be Overstated, Analysts Suggest

Tesla's Automotive Gross Margins May Be Overstated, Analysts Suggest

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices