Capital Clean Energy Carriers Corp (NASDAQ:CCEC) Declares $0.15 Quarterly Dividend

Posted by Caroline Horne on Nov 2nd, 2024

Capital Clean Energy Carriers Corp (NASDAQ:CCEC – Get Free Report) announced a quarterly dividend on Thursday, October 31st, Wall Street Journal reports. Stockholders 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 dividend yield of 3.25%. The ex-dividend date is Friday, November 8th.

Capital Clean Energy Carriers Stock Down 2.1 %

NASDAQ:CCEC opened at $18.46 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of 7.24 and a beta of 0.87. The firm’s 50 day moving average price is $18.37. Capital Clean Energy Carriers has a 52 week low of $12.70 and a 52 week high of $20.26. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 1.99.

Capital Clean Energy Carriers (NASDAQ:CCEC – Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.23. The company had revenue of $95.51 million for the quarter, compared to the consensus estimate of $90.22 million. Capital Clean Energy Carriers had a net margin of 24.89% and a return on equity of 6.83%. As a group, sell-side analysts anticipate that Capital Clean Energy Carriers will post 1.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Fearnley Fonds upgraded shares of Capital Clean Energy Carriers to a “strong-buy” rating in a research report on Thursday, October 10th. Evercore ISI assumed coverage on shares of Capital Clean Energy Carriers in a research report on Thursday, September 5th. They set an “outperform” rating and a $22.00 price objective on the stock.

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Capital Clean Energy Carriers Company Profile

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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.