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Enhancing Value: CSI Compressco Supports Investors with Growing Earnings

Author: Benzinga Insights | November 14, 2023 11:05am

By the end of today, November 14, 2023, CSI Compressco (NASDAQ:CCLP) is set to deliver a dividend payout of $0.01 per share, equating to an annualized dividend yield of 3.08%. The company's dividend payout went ex-dividend on October 27, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.

CSI Compressco Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-10-27 4 $0.01 3.08% 2023-10-19 2023-10-30 2023-11-14
2023-07-27 4 $0.01 3.51% 2023-07-17 2023-07-28 2023-08-14
2023-04-27 4 $0.01 3.47% 2023-04-17 2023-04-30 2023-05-15
2023-01-30 4 $0.01 2.86% 2023-01-19 2023-01-31 2023-02-14
2022-10-28 4 $0.01 3.25% 2022-10-21 2022-10-31 2022-11-14
2022-07-28 4 $0.01 3.08% 2022-07-19 2022-07-29 2022-08-12
2022-04-28 4 $0.01 2.75% 2022-04-19 2022-04-30 2022-05-13
2022-01-28 4 $0.01 2.65% 2022-01-21 2022-01-31 2022-02-14
2021-10-22 4 $0.01 2.31% 2021-10-15 2021-10-25 2021-11-12
2021-07-29 4 $0.01 2.58% 2021-07-20 2021-07-30 2021-08-13
2021-04-29 4 $0.01 2.17% 2021-04-20 2021-04-30 2021-05-14
2021-01-28 4 $0.01 3.33% 2021-01-19 2021-01-29 2021-02-12

With a dividend yield that places it neither at the top nor the bottom, CSI Compressco finds itself in the middle among its industry peers, while Solaris Oilfield Infra (NYSE:SOI) boasts the highest annualized dividend yield at 5.39%.

Analyzing CSI Compressco 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

The company has consistently maintained a dividend per share of $0.04 from 2019 to 2022. This unwavering dividend policy instills confidence in investors, as they can rely on a consistent income stream from the company's dividends.

YoY Earnings Growth For CSI Compressco

earning chart graph

The earnings chart illustrates an increase in CSI Compressco's earnings per share, from $-0.50 in 2019 to $-0.25 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.

Recap

In this article, we explore the recent dividend payout of CSI Compressco and its significance for shareholders. The company has decided to distribute a dividend of $0.01 per share today, which equates to an annualized dividend yield of 3.08%.

With a dividend yield that places it neither at the top nor the bottom, CSI Compressco finds itself in the middle among its industry peers, while Solaris Oilfield Infra boasts the highest annualized dividend yield at 5.39%.

Despite no adjustment in the dividend per share over the period of 2019 to 2022, the consistent growth in earnings per share for CSI Compressco indicates a sound financial status, which could enable the company to continue sharing profits with its investors.

Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.

\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.

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

Posted In: CCLP SOI

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