World Point Terminals LP (WPT) Plans Quarterly Dividend of $0.30
World Point Terminals LP (NYSE:WPT) announced a quarterly dividend on Wednesday, January 15th, American Banking News reports. Investors of record on Friday, January 31st will be paid a dividend of 0.30 per share on Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.31%.
A number of analysts have recently weighed in on WPT shares. Analysts at Zacks downgraded shares of World Point Terminals LP from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 2nd. They now have a $18.30 price target on the stock. On a related note, analysts at Wedbush initiated coverage on shares of World Point Terminals LP in a research note to investors on Tuesday, December 17th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, analysts at MLV Capital initiated coverage on shares of World Point Terminals LP in a research note to investors on Monday, December 2nd. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $21.95.
Shares of World Point Terminals LP (NYSE:WPT) traded down 0.05% on Wednesday, hitting $19.01. 15,953 shares of the company’s stock traded hands. World Point Terminals LP has a 1-year low of $17.26 and a 1-year high of $20.50. The stock has a 50-day moving average of $18. and a 200-day moving average of $19.52. The company has a market cap of $628.5 million and a price-to-earnings ratio of 49.53.
World Point Terminals, LP is a fee-based Delaware limited partnership formed to own, operate, develop and acquire terminals and other assets relating to the storage of light refined products, heavy refined products and crude oil.
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