Capital Clean Energy Carriers Corp (CCEC) to Issue Quarterly Dividend of $0.15 on November 15th

Capital Clean Energy Carriers Corp (NASDAQ:CCEC) declared a quarterly dividend on Thursday, October 31st, Wall Street Journal reports. Investors of record on Monday, November 11th will be given a dividend of 0.15 per share on Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Friday, November 8th.

Capital Clean Energy Carriers Trading Down 2.1 %

CCEC stock traded down $0.39 during mid-day trading on Friday, hitting $18.46. The stock had a trading volume of 26,317 shares, compared to its average volume of 62,034. The stock’s fifty day moving average is $18.37. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 7.24 and a beta of 0.87. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.53 and a quick ratio of 0.50. Capital Clean Energy Carriers has a 52 week low of $12.70 and a 52 week high of $20.26.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.23. Capital Clean Energy Carriers had a net margin of 24.89% and a return on equity of 6.83%. The business had revenue of $95.51 million for the quarter, compared to analysts’ expectations of $90.22 million. As a group, equities analysts expect that Capital Clean Energy Carriers will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI initiated coverage on Capital Clean Energy Carriers in a research note on Thursday, September 5th. They issued an “outperform” rating and a $22.00 price target on the stock. Fearnley Fonds raised Capital Clean Energy Carriers to a “strong-buy” rating in a research note on Thursday, October 10th.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company’s vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.