World Point Terminals LP (WPT) Plans Quarterly Dividend of $0.30
World Point Terminals (NYSE:WPT) declared a quarterly dividend on Thursday, July 17th, Stock Ratings News reports. Stockholders of record on Monday, July 28th will be given a dividend of 0.30 per share on Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 6.25%.
On a related note, analysts at Zacks downgraded shares of World Point Terminals from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $24.40 price target on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $23.73.
Shares of World Point Terminals (NYSE:WPT) traded down 0.16% on Thursday, hitting $19.21. 25,511 shares of the company’s stock traded hands. World Point Terminals has a one year low of $17.26 and a one year high of $23.70. The stock’s 50-day moving average is $19.33 and its 200-day moving average is $20.34. The company has a market cap of $639.9 million and a P/E ratio of 40.25.
World Point Terminals (NYSE:WPT) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01. On average, analysts predict that World Point Terminals will post $1.10 earnings per share for the current fiscal year.
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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