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

Capital Clean Energy Carriers Corp (NASDAQ:CCEC) declared a quarterly dividend on Friday, November 1st, Wall Street Journal reports. Stockholders of record on Monday, November 11th will be paid a dividend of 0.15 per share on Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, November 8th.

Capital Clean Energy Carriers Price Performance

Shares of CCEC traded down $0.39 on Friday, hitting $18.46. The company’s stock had a trading volume of 26,317 shares, compared to its average volume of 62,034. The firm has a market capitalization of $1.02 billion, a P/E ratio of 7.33 and a beta of 0.87. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 1.99. Capital Clean Energy Carriers has a fifty-two week low of $12.70 and a fifty-two week high of $20.26. The business has a 50 day moving average price of $18.37.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its earnings results on Friday, August 2nd. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.17 by $0.23. Capital Clean Energy Carriers had a return on equity of 6.83% and a net margin of 24.89%. The business had revenue of $95.51 million for the quarter, compared to the consensus estimate of $90.22 million. On average, equities analysts forecast that Capital Clean Energy Carriers will post 1.89 EPS for the current year.

Analyst Ratings Changes

Several 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 issued an “outperform” rating and a $22.00 price objective for the company.

About Capital Clean Energy Carriers

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.