Supporting Shareholders through Changes: Crestwood Equity Partners Ensures Stable Distribution amidst Decreased Profits
Portfolio Pulse from Benzinga Insights
Crestwood Equity Partners (NYSE:CEQP) will distribute a dividend payout of $0.66 per share, translating to an annualized dividend yield of 9.19%. The company has seen a growth in its dividend per share from $2.40 to $2.59 from 2019 to 2022. However, its earnings per share have declined from $0.49 in 2019 to $0.25 in 2022, raising concerns about the sustainability of its dividend payouts. TORM (NASDAQ:TRMD) has the highest annualized dividend yield at 22.24% among its industry peers.

August 14, 2023 | 3:05 pm
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Crestwood Equity Partners is distributing a dividend payout of $0.66 per share, with an annualized yield of 9.19%. Despite a decline in earnings per share, the company has increased its dividend per share from 2019 to 2022.
Crestwood Equity Partners has managed to increase its dividend per share despite a decline in earnings per share. This could be seen as a positive sign by income-seeking investors, but it also raises concerns about the sustainability of these dividends if the company's profitability continues to decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TORM has the highest annualized dividend yield at 22.24% among its industry peers.
TORM's high annualized dividend yield could make it an attractive option for income-seeking investors. However, the sustainability of these dividends would depend on the company's profitability and financial health.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50