Capital Product Stock To Go Ex-dividend Tomorrow (CPLP)
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., the dividend yield is 13.3%.
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.
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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.