Boardwalk Pipeline Partners (NYSE:BWP) declared a quarterly dividend on Monday, April 30th, RTT News reports. Investors of record on Thursday, May 10th will be given a dividend of 0.10 per share by the pipeline company on Thursday, May 17th. This represents a $0.40 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Wednesday, May 9th.
Boardwalk Pipeline Partners has a dividend payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Boardwalk Pipeline Partners to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 38.5%.
NYSE BWP opened at $9.26 on Tuesday. Boardwalk Pipeline Partners has a twelve month low of $9.24 and a twelve month high of $18.73. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.77. The stock has a market cap of $2.39 billion, a P/E ratio of 7.59 and a beta of 0.64.
Boardwalk Pipeline Partners (NYSE:BWP) last posted its quarterly earnings data on Monday, April 30th. The pipeline company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Boardwalk Pipeline Partners had a return on equity of 6.85% and a net margin of 21.29%. The business had revenue of $335.40 million for the quarter, compared to analyst estimates of $345.22 million. During the same period in the prior year, the firm posted $0.47 EPS. Boardwalk Pipeline Partners’s revenue for the quarter was down 8.6% on a year-over-year basis. analysts expect that Boardwalk Pipeline Partners will post 1.18 EPS for the current year.
Several research firms have commented on BWP. Barclays raised Boardwalk Pipeline Partners from an “underweight” rating to an “equal weight” rating and set a $16.00 price target for the company in a report on Wednesday, January 17th. TheStreet cut Boardwalk Pipeline Partners from a “b-” rating to a “c+” rating in a report on Friday, January 19th. Zacks Investment Research cut Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Bank of America began coverage on Boardwalk Pipeline Partners in a report on Tuesday, January 9th. They issued a “buy” rating for the company. Finally, ValuEngine cut Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Boardwalk Pipeline Partners presently has an average rating of “Hold” and an average target price of $18.00.
Boardwalk Pipeline Partners Company Profile
Boardwalk Pipeline Partners, LP, through its subsidiaries, owns and operates integrated natural gas and natural gas liquids and other hydrocarbons (NGLs) pipeline and storage systems in the United States. It operates interstate natural gas and NGLs pipeline systems, and integrated storage facilities, which are located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio.
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