Capital Product Partners L.P Stock To Go Ex-dividend Tomorrow (CPLP)

NEW YORK ( TheStreet) -- The ex-dividend date for Capital Product Partners L.P (Nasdaq: CPLP) is tomorrow, February 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $8.02 as of 9:30 a.m. ET, the dividend yield is 11.8%.

The average volume for Capital Product Partners L.P has been 238,200 shares per day over the past 30 days. Capital Product Partners L.P has a market cap of $525.8 million and is part of the services sector and transportation industry. Shares are up 29.9% year to date as of the close of trading on Wednesday.

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 4.4, below the average transportation industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Capital Product Partners L.P as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full Capital Product Partners L.P Ratings Report.

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