Nurturing Growth: CrossAmerica Partners Supports Investors with Growing Earnings
Portfolio Pulse from Benzinga Insights
CrossAmerica Partners (NYSE:CAPL) is distributing a dividend of $0.53 per share with an annualized yield of 9.60%, payable to shareholders who held the stock before November 2, 2023. The company has maintained a stable dividend per share of $2.10 from 2019 to 2022 and has shown positive earnings growth, with earnings per share increasing from $0.60 to $1.51 over the same period. Green Plains Partners (NASDAQ:GPP) has the highest annualized dividend yield in the industry at 13.98%.
November 10, 2023 | 3:05 pm
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NEUTRAL IMPACT
Green Plains Partners has the highest annualized dividend yield in the industry at 13.98%, which may attract income-seeking investors.
While GPP is mentioned as having a higher dividend yield than CAPL, there is no specific news about GPP's financials or dividend changes, so the short-term impact on its stock price is likely neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
CrossAmerica Partners maintains a stable dividend payout and shows positive earnings growth, indicating financial health and the ability to continue rewarding shareholders.
The consistent dividend payout and increasing earnings per share suggest that CAPL is in a strong financial position, which is likely to be viewed positively by investors and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100