Ferrellgas Partners (FGP) Plans Quarterly Dividend of $0.50
Ferrellgas Partners (NYSE:FGP) declared a quarterly dividend on Friday, February 28th, Analyst Ratings Net reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.50 per share on Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 7.93%.
On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Ferrellgas Partners in a research note on Tuesday, December 10th. They now have a $24.00 price target on the stock.
Shares of Ferrellgas Partners (NYSE:FGP) opened at 25.22 on Friday. Ferrellgas Partners has a 52 week low of $18.10 and a 52 week high of $25.46. The stock has a 50-day moving average of $24.4 and a 200-day moving average of $23.26. The company has a market cap of $1.996 billion and a price-to-earnings ratio of 41.10.
Ferrellgas Partners (NYSE:FGP) last issued its quarterly earnings data on Friday, December 6th. The company reported ($0.31) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.20) by $0.11. The company had revenue of $415.03 million for the quarter, compared to the consensus estimate of $390.41 million. During the same quarter last year, the company posted ($0.22) earnings per share. Ferrellgas Partners’s revenue was up 14.4% compared to the same quarter last year. On average, analysts predict that Ferrellgas Partners will post $0.87 earnings per share for the current fiscal year.
In other Ferrellgas Partners news, CEO Stephen Wambold purchased 15,000 shares of the company’s stock on the open market in a transaction dated Thursday, February 20th. The shares were purchased at an average price of $11.63 per share, for a total transaction of $174,450.00. Following the completion of the purchase, the chief executive officer now directly owns 79,850 shares of the company’s stock, valued at approximately $928,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Ferrellgas Partners, L.P. (NYSE:FGP) is a distributor of propane and related equipment and supplies to customers primarily in the United States and conduct its business as a single reportable operating segment.
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