LONDON, UK / ACCESSWIRE / May 02, 2018 / Active-Investors has a free review on Green Plains Partners L.P. (NASDAQ: GPP) ("Green Plains") following the Company's announcement that it will begin trading ex-dividend on May 03, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 02, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on GPP:
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On April 19, 2018, Green Plains announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.475 per unit on all of its outstanding common and subordinated units, for the first quarter of 2018. The distribution is payable on May 11, 2018, to unitholders of record at the close of business on May 04, 2018.
Green Plains' indicated dividend represents a yield of 11.11%, which is more than four times higher than the average dividend yield of 2.47% for the Basic Materials sector. The 1% increase over the previous quarterly distribution of $0.47 per unit is the Company's tenth consecutive increase since the partnership's inception.
Green Plains has a dividend payout ratio of 93.6%, which means that the Company spends approximately $0.94 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Green Plains is forecasted to report earnings of $2.01 per share for the next year compared to the Company's annualized dividend of $1.90 per share.
As on December 31, 2017, Green Plains had total cash and cash equivalents of $280.5 million and $391.9 million available under revolving credit agreements. The Company's total debt outstanding at December 31, 2017, was $1.36 billion, including $526.2 million outstanding under working capital revolvers and other short-term borrowing arrangements for the agribusiness and energy services, and the food and ingredients segments. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
On April 19, 2018, Green Plains announced that it will release first quarter 2018 financial results prior to the market opening on Monday, May 07, 2018, and then host a conference call at 11 a.m. Eastern time (10 a.m. Central time) to discuss first quarter 2018 performance and outlook.
About Green Plains Partners L.P.
Green Plains Partners is a fee-based Delaware limited partnership formed by Green Plains Inc. to provide fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses.
Stock Performance Snapshot
May 01, 2018 - At Tuesday's closing bell, Green Plains Partners' stock declined 1.72%, ending the trading session at $17.10.
Volume traded for the day: 118.48 thousand shares, which was above the 3-month average volume of 41.45 thousand shares.
After yesterday's close, Green Plains Partners' market cap was at $550.28 million.
Price to Earnings (P/E) ratio was at 9.24.
The stock has a dividend yield of 11.11%.
The stock is part of the Basic Materials sector, categorized under the Oil & Gas Pipelines industry.
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