Green Plains Partners LP (NASDAQ:GPP) announced a quarterly dividend on Thursday, April 22nd, Zacks reports. Stockholders of record on Friday, May 7th will be given a dividend of 0.12 per share by the transportation company on Friday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Thursday, May 6th.

Green Plains Partners has decreased its dividend payment by 53.1% over the last three years and has raised its dividend every year for the last 1 years. Green Plains Partners has a dividend payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Green Plains Partners to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 24.5%.

Shares of GPP opened at $12.15 on Tuesday. The company has a market capitalization of $281.98 million, a PE ratio of 6.94 and a beta of 0.84. Green Plains Partners has a 52 week low of $4.77 and a 52 week high of $13.74. The company’s 50 day moving average price is $12.29 and its 200 day moving average price is $9.86.

Green Plains Partners (NASDAQ:GPP) last issued its earnings results on Sunday, May 2nd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). Green Plains Partners had a net margin of 49.83% and a negative return on equity of 57.99%. As a group, equities analysts predict that Green Plains Partners will post 1.77 earnings per share for the current year.

Several research firms recently weighed in on GPP. Zacks Investment Research raised shares of Green Plains Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 13th. Raymond James boosted their target price on shares of Green Plains Partners from $12.00 to $14.00 and gave the company a “strong-buy” rating in a research report on Friday, January 8th.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services in the United States. It acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The company owns or leases 31 ethanol storage facilities and approximately 44 acres of land; and six fuel terminals in Alabama, Arkansas, Louisiana, Mississippi, Kentucky, and Oklahoma.

Featured Story: Limitations of the P/E Growth ratio

Dividend History for Green Plains Partners (NASDAQ:GPP)

Receive News & Ratings for Green Plains Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Partners and related companies with's FREE daily email newsletter.