Blueknight Energy Partners LP Announces Quarterly Dividend of $0.04 (NASDAQ:BKEP)

Blueknight Energy Partners LP (NASDAQ:BKEP) declared a quarterly dividend on Thursday, October 15th, Zacks reports. Stockholders of record on Tuesday, November 3rd will be paid a dividend of 0.04 per share by the pipeline company on Friday, November 13th. This represents a $0.16 annualized dividend and a dividend yield of 11.68%. The ex-dividend date of this dividend is Monday, November 2nd.

Blueknight Energy Partners has decreased its dividend by 65.5% over the last three years and has increased its dividend annually for the last 1 consecutive years.

Shares of BKEP opened at $1.37 on Friday. The stock has a market capitalization of $56.44 million, a P/E ratio of -4.42 and a beta of 2.12. Blueknight Energy Partners has a twelve month low of $0.53 and a twelve month high of $1.79. The company has a 50 day moving average of $1.47 and a 200-day moving average of $1.38.

Blueknight Energy Partners (NASDAQ:BKEP) last issued its quarterly earnings results on Wednesday, August 5th. The pipeline company reported ($0.12) earnings per share for the quarter. The business had revenue of $53.44 million for the quarter. Blueknight Energy Partners had a negative return on equity of 4.52% and a net margin of 4.01%.

Separately, ValuEngine cut shares of Blueknight Energy Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, September 23rd.

About Blueknight Energy Partners

Blueknight Energy Partners, L.P. provides integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of liquid asphalt and crude oil products in the United States. The company operates through four segments: Asphalt Terminalling Services, Crude Oil Terminalling Services, Crude Oil Pipeline Services, and Crude Oil Trucking Services.

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Dividend History for Blueknight Energy Partners (NASDAQ:BKEP)

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