Hoegh LNG Partners LP (NYSE:HMLP) declared a quarterly dividend on Monday, January 22nd, Wall Street Journal reports. Shareholders of record on Thursday, February 1st will be given a dividend of 0.43 per share by the shipping company on Wednesday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 8.82%. The ex-dividend date is Wednesday, January 31st.

Hoegh LNG Partners has increased its dividend by an average of 110.2% per year over the last three years and has increased its dividend every year for the last 2 years. Hoegh LNG Partners has a dividend payout ratio of 148.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Hoegh LNG Partners to earn $1.45 per share next year, which means the company may not be able to cover its $1.72 annual dividend with an expected future payout ratio of 118.6%.

Hoegh LNG Partners (NYSE:HMLP) traded up $0.25 during trading hours on Monday, hitting $19.50. 120,641 shares of the company’s stock traded hands, compared to its average volume of 104,882. The firm has a market capitalization of $641.96, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 0.70 and a beta of 0.93. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 1.01. Hoegh LNG Partners has a fifty-two week low of $16.90 and a fifty-two week high of $20.65.

Hoegh LNG Partners (NYSE:HMLP) last issued its earnings results on Thursday, November 16th. The shipping company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). Hoegh LNG Partners had a return on equity of 7.77% and a net margin of 38.90%. research analysts expect that Hoegh LNG Partners will post 1.16 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the stock. BidaskClub downgraded shares of Hoegh LNG Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, October 6th. ValuEngine upgraded shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Hoegh LNG Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.50.

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Hoegh LNG Partners Company Profile

Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.

Dividend History for Hoegh LNG Partners (NYSE:HMLP)

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