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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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
NEUTRAL IMPACT
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