Western Refining Logistics, LP (NYSE:WNRL) declared a quarterly dividend on Wednesday, July 26th, Wall Street Journal reports. Investors of record on Friday, August 4th will be paid a dividend of 0.4675 per share by the pipeline company on Friday, August 18th. This represents a $1.87 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is an increase from Western Refining Logistics,’s previous quarterly dividend of $0.45.
Western Refining Logistics, has a payout ratio of 126.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Western Refining Logistics, to earn $1.88 per share next year, which means the company should continue to be able to cover its $1.87 annual dividend with an expected future payout ratio of 99.5%.
Shares of Western Refining Logistics, (NYSE WNRL) traded down 0.62% on Friday, reaching $23.90. 274,096 shares of the company traded hands. The firm’s 50 day moving average is $25.57 and its 200 day moving average is $24.96. The company has a market capitalization of $1.46 billion, a P/E ratio of 18.53 and a beta of 0.81. Western Refining Logistics, has a one year low of $18.85 and a one year high of $26.85.
Western Refining Logistics, (NYSE:WNRL) last posted its earnings results on Tuesday, August 8th. The pipeline company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.11. The business had revenue of $627.51 million during the quarter, compared to the consensus estimate of $602.22 million. Western Refining Logistics, had a return on equity of 75.38% and a net margin of 3.05%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Analysts expect that Western Refining Logistics, will post $1.34 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Western Refining Logistics, LP (WNRL) Increases Dividend to $0.47 Per Share” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/11/western-refining-logistics-lp-wnrl-to-issue-quarterly-dividend-of-0-47-on-august-18th-updated.html.
Several analysts have issued reports on WNRL shares. Zacks Investment Research lowered Western Refining Logistics, from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. BidaskClub downgraded Western Refining Logistics, from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Western Refining Logistics, currently has an average rating of “Hold” and a consensus price target of $29.67.
Western Refining Logistics, Company Profile
Western Refining Logistics, LP owns, operates, develops, and acquires logistics and related assets and businesses to include terminals, storage tanks, pipelines and other logistics assets related to the terminaling, transportation, storage and distribution of crude oil and refined products. The Company’s segments include logistics and wholesale.
Receive News & Ratings for Western Refining Logistics LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Refining Logistics LP and related companies with MarketBeat.com's FREE daily email newsletter.
