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Nurturing Growth: CrossAmerica Partners Supports Investors with Growing Earnings

Author: Benzinga Insights | November 10, 2023 11:05am

By the close of today, November 10, 2023, CrossAmerica Partners (NYSE:CAPL) will issue a dividend payout of $0.53 per share, resulting in an annualized dividend yield of 9.60%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on November 02, 2023.

CrossAmerica Partners Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-11-02 4 $0.53 9.6% 2023-10-23 2023-11-03 2023-11-10
2023-08-03 4 $0.53 10.68% 2023-07-25 2023-08-04 2023-08-11
2023-05-02 4 $0.53 9.55% 2023-04-20 2023-05-03 2023-05-10
2023-02-02 4 $0.53 10.01% 2023-01-19 2023-02-03 2023-02-10
2022-11-02 4 $0.53 11.04% 2022-10-20 2022-11-03 2022-11-10
2022-08-02 4 $0.53 10.22% 2022-07-21 2022-08-03 2022-08-10
2022-05-02 4 $0.53 9.3% 2022-04-21 2022-05-03 2022-05-11
2022-02-02 4 $0.53 9.37% 2022-01-20 2022-02-03 2022-02-10
2021-11-02 4 $0.53 9.66% 2021-10-21 2021-11-03 2021-11-10
2021-08-02 4 $0.53 10.93% 2021-07-22 2021-08-03 2021-08-10
2021-05-03 4 $0.53 10.73% 2021-04-22 2021-05-04 2021-05-11
2021-02-01 4 $0.53 11.99% 2021-01-21 2021-02-02 2021-02-09

CrossAmerica Partners's dividend yield falls in the middle range when compared to its industry peers, with Green Plains Partners (NASDAQ:GPP) having the highest annualized dividend yield at 13.98%.

Analyzing CrossAmerica Partners Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

As you can see, from 2019 to 2022, investors observed a stable dividend per share of $2.10 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.

YoY Earnings Growth For CrossAmerica Partners

earning chart graph

From 2019 to 2022, CrossAmerica Partners has demonstrated an upward trend in earnings, with earnings per share rising from $0.60 to $1.51. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.

Recap

In this article, we delve into CrossAmerica Partners's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.53 per share today, resulting in an annualized dividend yield of 9.60%.

CrossAmerica Partners's dividend yield falls in the middle range when compared to its industry peers, with Green Plains Partners having the highest annualized dividend yield at 13.98%.

Even though there has been no change in the dividend per share from 2019 to 2022, the rising earnings per share of CrossAmerica Partners imply a solid financial footing, suggesting the company's ability to consistently reward shareholders with profit distributions.

It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.

[Track real-time stock fluctuations for CrossAmerica Partners on Benzinga.](https://www.benzinga.com/quote/CrossAmerica Partners (NYSE: CAPL))

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CAPL GPP

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