BP Midstream Partners LP (BPMP) to Issue Special Dividend of $0.18 on February 15th

BP Midstream Partners LP (NYSE:BPMP) declared a special dividend on Friday, January 19th, Wall Street Journal reports. Investors of record on Thursday, February 1st will be paid a dividend of 0.1798 per share on Thursday, February 15th. This represents a yield of 0.00841573033707865%. The ex-dividend date is Wednesday, January 31st.

BP Midstream Partners (BPMP) opened at $21.25 on Tuesday. BP Midstream Partners has a 52 week low of $16.85 and a 52 week high of $23.00.

A number of equities analysts recently weighed in on the company. Credit Suisse Group assumed coverage on BP Midstream Partners in a research report on Thursday, January 4th. They issued a “neutral” rating and a $19.00 price target for the company. Mitsubishi UFJ Financial Group assumed coverage on BP Midstream Partners in a research report on Friday, December 15th. They issued a “neutral” rating and a $21.00 price target for the company. Citigroup lowered BP Midstream Partners from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 9th. Bank of America assumed coverage on BP Midstream Partners in a research report on Friday, January 12th. They issued a “neutral” rating and a $22.00 price target for the company. Finally, Morgan Stanley assumed coverage on BP Midstream Partners in a research report on Monday, November 20th. They issued an “equal weight” rating and a $20.00 price target for the company. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.75.

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BP Midstream Partners Company Profile

BP Midstream Partners LP is a master limited partnership formed by BP Pipelines (North America) Inc The Company owns, operates, develops and acquires pipelines and other midstream assets. It owns one onshore crude oil pipeline system, one onshore refined products pipeline system, one onshore diluent pipeline system, interests in four offshore crude oil pipeline systems and an interest in one offshore natural gas pipeline system.

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