Sustaining Growth Momentum: Kimbell Royalty Partners Continues to Excel and Reports Rising Profits
Portfolio Pulse from Benzinga Insights
Kimbell Royalty Partners (NYSE:KRP) is distributing a dividend of $0.51 per share today, with an annualized yield of 12.66%. The dividend went ex-dividend on November 10, 2023. The company has shown a steady increase in dividend per share from $1.58 in 2019 to $1.88 in 2022, and earnings per share have grown from $-1.58 to $1.71 over the same period. This suggests a strong financial position and potential for future dividend increases. Berry Corp (NASDAQ:BRY) has the highest annualized dividend yield in the industry at 13.82%.
November 20, 2023 | 3:05 pm
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NEUTRAL IMPACT
Berry Corp has the highest annualized dividend yield in the industry at 13.82%, higher than Kimbell Royalty Partners.
While Berry Corp has a higher dividend yield than Kimbell Royalty Partners, the article does not provide specific financial data or news for Berry Corp that would directly impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Kimbell Royalty Partners is distributing a $0.51 per share dividend today with a strong history of increasing dividends and earnings growth, indicating a robust financial health.
The consistent increase in dividends and earnings per share over the past years suggests that Kimbell Royalty Partners is in a strong financial position, which is likely to positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100