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Picked up 1000 units today on the dip at 3.52 didn't expect it to hit but I'll take it. That's it for me this quarter. Might try and round up some next div period.
Oh my it was you that made the price spike! I day traded CVS today . I went in for the dividend but the price ran a dollar and a half so I couldn't resist and hit the sell button and unloaded my 800 shares.
I am going to add another 1000 here next week but I will only be at 4000 total on CPLP. I let this one drip and my goal is to get it up to 10K shares myself.
Nice purchase you made today I think the stock will be heading back to 4 soon and the dividend is always nice to collect!
I bought 6000 shares today
I see the dividend news got some buying interest today but once it hit that 3.60 roof it backed off. Just can't seem to break that wall.
Maybe next week as we get closer to X Date!
Yeah, I've been in this since '12
You can find my discussion board at
https://investorshub.advfn.com/Dividends-1726/
https://investorshub.advfn.com/Derfs-Grotto-1450/
look for the posts with Ð symbol
I have been in this for 3 years now so my first purchase is not a good one fortunately it wasn't many shares.
I think long term this goes past 4 and possible to 5. If the div does go up that would be a good thing! We will see real soon!
I Buy and trade a lot of dividend stocks you can visit us over here:
https://investorshub.advfn.com/Daves-Dividends-Payers-22057/
Happy Trading
They have been raising the dividend every 3 quarters so that would be the upcoming one. I am sitting now above 2800 shares. Haven't decided yet if I'm happy about it.
I did added another 500 units today on the dip under 3.50. Brings my stash up to 2500. Working on getting to 5000 units.
It really is having a hard time breaking through that 3.60 roof on top of us. A announcement with a divvy increase would blow a hole right through it!
You better hurry. Ex date should be in the next two weeks
I added 1000 units yesterday and thinking about adding some more here. Once they announce the next divvy should add a little more support. It's time for it to continue it's March back to 5.00!
Goes against my typical strategy of waiting for the stock to break through resistance, but based on the dividend, I think now is the time to be adding to my position.
Very nice. I, too, am looking for divvy raise.
T
I think we will be looking at a 5+ stock a year from now. Most likely will be increasing the dividend as well! Trying to get to 5000 units here!
I plan on adding, also. Just waiting on some liquidity.
T
been adding here lately all is good!
New SA article out. Talks about refi. Still bullish.
T
$CPLP 3.72 still looking strong..8.32% #dividend..June Presentation...
http://www.capitalpplp.com/events.cfm #shipping
Key data
https://seekingalpha.com/symbol/CPLP/key-data
CPLP Company has managed well over the last year should do well 3.30s
going forward IMO.
CPLP
I was actively buying CPLP today in the upper 3.30's. here is what I like.
1) CPLP pay roughly a 9.5% divy. That is a good income producer. for those worried about the payout ratio of the divy, because they only earned .08 in q1, I wouldn't be, because there was 18.5 million in depreciation and amortization for the quarter, hence they have plenty of distributable cash.
2) CPLP has a healthy balance sheet in fact it has a little more than a $1 in cash. And trade well under book value.
Conclusion: we have a way to play the shipping space. With a great divy. solid earnings. Trades waaaaaaaaaaaaaaaaaaay under book. And has a $1 a share in cash. I like CPLP a lot here, think it has potential to be yet another good income producer, a bargain to book value. recently raised the divy several quarters back as well. All is just my opinion, and I could always be wrong though.
Capital Product Partners' Diversity Is Its Strength $CPLP
current pps $3.40
https://seekingalpha.com/article/4073430-capital-product-partners-diversity-strength
$CPLP @3.58 mounting a little bit of a comeback. Was able to avg. down over the past month.
Bought some myself after reading that PR.
T
$CPLP Fourth Quarter 2016 Earnings Presentation
January 31, 2017
http://capitalpplp.irwebpage.com/files/MLP_4Q2016_Results.pdf
A replay of the conference call will be available until February 7, 2017 by dialing 1 866 247 4222 (U.S. Toll Free Dial In), 0800 953 1533 (UK Toll Free Dial In) or +44 (0)1452 550 000 (Standard International Dial In). Access Code: 69648481#
http://www.capitalpplp.com/eventdetail.cfm?EventID=179311
$CPLP 3.69 Capital Product Partners L.P. Announces Fourth Quarter 2016 Financial Results, an Increase to Its Common Distribution, Certain Amendments to One of Its Management Agreements and Fleet Employment Updates
ATHENS, GREECE -- (Marketwired) -- 01/31/17 -- Capital Product Partners L.P. (the "Partnership" or "CPLP") (NASDAQ: CPLP), an international diversified shipping partnership, today released its financial results for the fourth quarter ended December 31, 2016.
The Partnership's net income for the quarter ended December 31, 2016 was $13.7 million compared with $15.4 million for the fourth quarter of 2015 and $11.8 million for the previous quarter ended September 30, 2016. After taking into account the preferred interest in net income attributable to the unit holders of the 12,983,333 Class B Convertible Preferred Units outstanding as of December 31, 2016 (the "Class B Units" and the "Class B Unitholders"), and the interest attributable to the general partner, net income per common unit for the quarter ended December 31, 2016 was $0.09, compared to $0.10 for the fourth quarter of 2015 and $0.07 for the previous quarter ended September 30, 2016.
Operating surplus (a non-GAAP financial measure) prior to Class B Units distributions for the quarter ended December 31, 2016 amounted to $34.0 million, a decrease of 3% compared to $35.2 million for the fourth quarter of 2015 and an increase of 7% compared to $31.7 million for the previous quarter ended September 30, 2016, excluding the previously disclosed proceeds from the sale of the Hyundai Merchant Marine Co. Ltd shares ("HMM") of $29.7 million. We allocated $14.6 million to the capital reserve during the fourth quarter of 2016, unchanged compared to the previous quarter. As announced on April 26, 2016, the Partnership intends to make quarterly allocations to a capital reserve for the foreseeable future to fully provide for the debt repayments coming due through the end of 2018. Operating surplus after the quarterly allocation to the capital reserve and distributions to the Class B Unitholders was $16.6 million for the fourth quarter in 2016. Operating surplus is a non-GAAP financial measure used by certain investors to measure the financial performance of the Partnership and other master limited partnerships. Please refer to "Appendix A" at the end of the press release for a reconciliation of this non-GAAP measure with net income.
Total revenues for the fourth quarter of 2016 reached $62.4 million, an increase of 5% compared to $59.4 million during the fourth quarter of 2015. The increase in total revenues was primarily a result of the expansion of our fleet partly offset by the reduction in the charter rate payable to our vessels under charter with HMM following its financial restructuring in July 2016.
Total expenses for the fourth quarter of 2016 were $43.2 million compared to $38.9 million in the fourth quarter of 2015. Total vessel operating expenses during the fourth quarter of 2016 amounted to $20.4 million, an increase of 11% compared to $18.3 million during the fourth quarter of 2015. The increase primarily reflects the expansion of our fleet. Total expenses for the fourth quarter of 2016 includes vessel depreciation and amortization of $18.4 million compared to $17.0 million in the fourth quarter of 2015, an increase of 8% which is also attributable to the expansion of our fleet. General and administrative expenses for the fourth quarter of 2016 increased to $1.8 million, compared to $1.3 million in the fourth quarter of 2015, primarily as a result of certain expenses related to the acquisition of M/T 'Amor' incurred during the fourth quarter of 2016 and equity compensation expenses recognized during 2016 in relation to our Incentive Compensation Plan.
Total other expense, net for the fourth quarter of 2016 was $5.4 million compared to $5.1 million for the fourth quarter of 2015. Total other expense, net in the fourth quarter of 2016 includes interest expenses and finance costs of $6.2 million, compared to $5.5 million in the fourth quarter of 2015. The increase primarily reflects higher interest costs incurred during the fourth quarter of 2016, mainly as a result of an increase in the principal amount of debt outstanding during the period compared to the same period in 2015 and an increase in the LIBOR weighted average interest rate. Other income increased to $0.8 million in the fourth quarter of 2016 compared to $0.4 million in the fourth quarter of 2015 mainly due to an increase in foreign exchange gains recognized during the fourth quarter of 2016 compared to the same period in 2015.
As of December 31, 2016, total partners' capital amounted to $927.8 million, a decrease of $10.0 million compared to $937.8 million as of December 31, 2015. The decrease primarily reflects distributions declared and paid during 2016 in the total amount of $68.2 million, partially offset by our net income for the year ended December 31, 2016, the net proceeds from the issuance of common units under our at-the-market equity offering (the "ATM offering") and the equity compensation expense.
As of December 31, 2016, the Partnership's total debt increased by $33.4 million to $605.0 million, compared to $571.6 million as of December 31, 2015. The increase was due to a $35.0 million drawdown under our $225.0 million senior secured credit facility with ING Bank to fund the acquisition of the M/V 'CMA CGM Magdalena', which was delivered in February 2016, and the assumption of a $15.8 million term loan under a new credit facility with ING Bank, in relation to the acquisition of the M/T 'Amor' in the fourth quarter of 2016. The term loan is non-amortizing for a period of two years from the anniversary of the dropdown of the M/T 'Amor' with an expected final maturity date in November 2022. The interest margin on the term loan is 2.50%. The term loan is subject to ship finance covenants similar to the covenants applicable under our existing facilities. The increase in the Partnership's total debt was partially offset by $17.4 million of scheduled loan principal payments under the $225.0 million ING Bank credit facility during the year 2016.
Acquisition of M/T 'Amor'
In October 2016, as previously announced, we acquired from Capital Maritime the eco-type MR product tanker 'Amor' (49,999 dwt IMO II/III Chemical Product Tanker built 2015, Samsung Heavy Industries (Ningbo) Co., Ltd.) for total consideration of $32.7 million, including the assumption of a $15.8 million term loan under a new credit facility with ING Bank, $16.0 million in cash and the issuance of 283,696 new common units to Capital Maritime. The M/T 'Amor' is employed under a time charter to Cargill at a gross daily rate of $17,500.
Management Agreement Amendments
The Partnership has entered into an agreement with our Manager, Capital Ship Management ("CSM"), a subsidiary of our sponsor Capital Maritime, to amend certain terms under the Crude Carriers Management Agreement, which applies to three of our crude tanker vessels in our fleet, the M/T 'Aias', the M/T 'Miltiadis M II' and the M/T 'Amoureux', which were acquired as part of the merger with Crude Carriers Corp. in September 2011. Under the terms of the amendments, CSM has agreed to waive going forward (i) the sale and purchase fee equal to 1% of the gross purchase or sale price upon the consummation of any purchase or sale of the three vessels and (ii) the commercial services fee equal to 1.25% of all gross charter revenues generated by each of the three vessels for commercial services rendered. There is no consideration payable by the Partnership for these amendments. The effective date of these amendments is January 1, 2017. There are no other such fees payable to CSM for any of our vessels.
Fleet Employment Update
In connection with the spin-off of International Seaways, Inc. ("INSW") (formerly known as OSG International Inc.), a wholly owned subsidiary of Overseas Shipholding Group ("OSG"), from its parent, INSW agreed to increase the gross daily hire rate of M/T 'Aristotelis II', M/T 'Alexandros II' and M/T 'Aris II' from $6,250 per day to $6,600 per day commencing on November 30, 2016 until the end of their respective bareboat charter agreements in July 2018.
The M/T 'Aristotelis' (51,604 dwt IMO II/III Chemical Product Tanker built 2013, Hyundai Mipo Dockyard Ltd., South Korea) has secured new time charter employment with Capital Maritime for twelve months (+/- 30 days) at a gross daily rate of $13,750. The new charter commenced in January and the earliest re-delivery is in December 2017. The charterer has the option to extend the time charter for an additional twelve months (+/-30 days) at a gross daily rate of $15,000. The vessel was previously employed under a time charter to Capital Maritime at a gross daily rate of $19,000.
The M/T 'Arionas' (36,725 dwt, Ice Class 1A IMO II/III Chemical/ Product Tanker, built 2006, Hyundai Mipo Dockyard, South Korea) has been chartered to Capital Maritime for 12 months (+/- 30 days) at a gross daily rate of $11,000 per day. The charter commenced in January with the earliest charter expiration in December 2017. The charterer has the option to extend the time charter for an additional twelve months (+/-30 days) at a gross daily rate of $13,750. The vessel had been previously employed in the spot market, as it completed its scheduled special survey in November 2016.
As a result of the new charters listed above, our charter coverage for 2017 has increased to 82%.
Quarterly Common and Class B Unit Cash Distribution
On January 18, 2017, the Board of Directors of the Partnership declared an increased cash distribution of $0.08 per common unit for the fourth quarter of 2016 payable on February 15, 2017 to common unit holders of record on February 6, 2017.
In addition, on January 18, 2017, the Board of Directors of the Partnership declared a cash distribution of $0.21375 per Class B Unit for the fourth quarter of 2016, in line with the Partnership's Second Amended and Restated Partnership Agreement, as amended. The fourth quarter of 2016 Class B Unit cash distribution will be paid on February 10, 2017 to Class B Unitholders of record on February 3, 2017.
Market Commentary
Product & Crude Tanker Markets
Product tanker spot rates remained depressed for most of the fourth quarter of 2016, but saw a gradual improvement towards the latter part of the three-month period. In the first month of the quarter, the market was under pressure as lack of arbitrage opportunities and high product inventories had a negative impact on medium-range tanker ("MR") chartering activity, offsetting firm U.S. and Chinese product exports. However, the market improved from November onwards, particularly in the western hemisphere, on the back of seasonally stronger demand, increased West Africa imports and refinery outages in Latin America. Furthermore, the gasoline arbitrage window opened in the Atlantic and as a result rates on the transatlantic trade rose to the highest level since January 2016. The market also strengthened in the eastern hemisphere as refineries returned from maintenance, but the improvement was moderated by high vessel supply.
As a result of the weak spot market overall, the period market remained close to historically low levels with only a limited amount of period fixtures taking place in the fourth quarter of 2016.
On the supply side, there was minimal activity in terms of new orders for product tankers and the MR orderbook currently stands at 9.0%, its lowest level since 2000. In addition, the product tanker deliveries continued to experience slippage during 2016, as approximately 27% of the expected MR and handy size tanker newbuildings were not delivered on schedule. Analysts estimate that net fleet growth for product tankers will amount to 3.6% in 2017, well below the 2016 growth rate of 6.1%. On the demand side, analysts expect growth of 2.0%, largely supported by continued growth in U.S. products exports, as well as an expected decline in European refinery throughput, which is expected to have a positive impact on product imports in the region.
Suezmax spot earnings improved considerably in the fourth quarter of 2016, compared to the previous quarter. Demand for Suezmaxes was seasonally strong, while overall volumes were boosted by a sharp rise in crude oil cargoes in the Middle Eastern Gulf and West Africa. OPEC oil production reached record levels increasing employment opportunities for Suezmaxes, at the same time as oil production in Nigeria recovered on the back of a de-escalation in oil supply disruptions. In addition, Chinese crude oil imports continued rising, reaching a new record in December, buoyed by increased demand from teapot refineries. In addition to the high seasonal demand, vessel supply was tightened as a result of increased transit delays, which contributed to the positive sentiment.
The firm spot market had some positive impact on period activity, although the number of fixtures reported during the quarter remained limited.
On the supply side, the Suezmax orderbook represented, at the end of 2016, approximately 17.7% of the current fleet. Contracting activity has been subdued, with 14 Suezmax tankers ordered in 2016, while analysts estimate that slippage for the twelve-month period amounted to 31% of the expected deliveries for 2016. In terms of demand, Chinese and Indian seaborne crude imports are projected to rise firmly in 2017, by 8% and 5% respectively, potentially partly counterbalancing the negative impact from the announced oil production reduction by OPEC and some non-OPEC producers in 2017.
Neo-Panamax Container Market
The container charter market in the fourth quarter of 2016 remained largely unchanged compared to the previous quarter, with container vessels of all types being chartered at or close to historically low levels.
The container sector consolidation continued with Japan's three biggest liner companies agreeing to combine their container operations, while Maersk Line announced an agreement to acquire the German container shipping line, Hamburg Süd. If all announced mergers acquisitions materialize, it is estimated that the top ten liner companies will deploy around 80% of the available container tonnage.
The idle container fleet saw a marginal increase from 6.7% in the previous quarter to 7% at the end of the fourth quarter of 2016.
Analysts have revised their demand growth estimate for containerized cargo for full-year 2016 down to 3.2% from 3.4% in the previous quarter, with net fleet growth for 2016 also being revised downwards to 1.1% from 2.2% in the previous quarter. The substantial reduction in the net fleet growth estimate was mainly due to a surge in demolition towards the end of 2016. The total container vessel demolition for the year amounted to a record 660,000 TEU compared to 193,156 TEU for 2015. The average age of scrapped tonnage fell to 18.6 years from 23 years in 2015.
As at the end of the fourth quarter of 2016, the container order book stood at 15.9% of the current fleet, down from 16.4% in the previous quarter, which is the lowest since 1999, while slippage for container vessels of all sizes amounted to 36% for the full year. Going into 2017 analysts forecast demand growth of 4.0% to marginally outpace net fleet growth of 3.7%.
The increased consolidation currently under process in the liner business, as well as the rationalization of the supply of vessels through increased vessel demolition, cancellation of newbuilding orders and slippage as well as lack of new ordering, is expected to set the ground for a supply led recovery for container charter rates in the medium to long run.
Management Commentary
Mr. Jerry Kalogiratos, Chief Executive and Chief Financial Officer of the Partnership's General Partner, commented:
"The start of 2016 was marked by the severe equity and debt market pricing dislocation that affected the majority of publicly traded master limited partnerships, including us and which adversely impacted our cost of capital. As a result, in April 2016, our board of directors approved a quarterly capital reserve of $14.6 million to fully provide for the substantial debt repayments coming due up until the end of 2018 and set a new, sustainable common unit distribution level.
"Since then, we have taken steps to address a number of the issues that caused the underperformance of our units. First, we successfully renegotiated our charters with HMM, one of our largest counterparties, which went through a major financial restructuring. This resulted in a 20% reduction of the charter rates of our vessels employed with HMM effective until the end of 2019. However, the financial impact of this reduction was largely offset by promptly liquidating the equity compensation we successfully negotiated and received from HMM in return for this charter rate reduction, as we recovered approximately 80% of our total charter hire loss. Second, we expanded our fleet by acquiring in the fourth quarter 2016 a modern, eco MR product tanker from Capital Maritime with an attractive charter to Cargill. We have funded part of the acquisition cost with the proceeds from the sale of the HMM equity compensation. Third, we continue to have access to a number of dropdown opportunities from our sponsor including five eco MR product tankers, for which we have a right of first refusal, as well as other assets including two crude Aframax tankers with five year charters. Fourth, we launched an ATM offering for up to $50 million, with the aim of raising further capital over a period of time for vessel acquisitions, debt repayment or refinancing and general corporate purposes. We aim to only gradually execute the offering. Finally, we are pleased to announce that our Sponsor, Capital Maritime, has recently agreed to waive certain legacy management fees for three vessels of our fleet, which were the only vessels in our fleet that incurred such fees."
"As announced in October, we are pleased that with the acquisition of the MT 'Amor', our Board of Directors has approved the increase of our quarterly distribution to $0.08 per common unit from this quarter onwards. Our objective is to further increase the long term distributable cash flow of the Partnership by pursuing additional accretive transactions going forward and by refinancing our debt under favorable terms."
Conference Call and Webcast
Today, January 31, 2017, the Partnership will host an interactive conference call at 9:00 am Eastern Time to discuss the financial results.
Conference Call Details:
Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1 866 819 7111 (U.S. Toll Free Dial In), 0800 953 0329 (UK Toll Free Dial In) or +44 (0)1452 542 301 (Standard International Dial In). Please quote "Capital Product Partners."
A replay of the conference call will be available until February 7, 2017 by dialing 1 866 247 4222 (U.S. Toll Free Dial In), 0800 953 1533 (UK Toll Free Dial In) or +44 (0)1452 550 000 (Standard International Dial In). Access Code: 69648481#
Slides and Audio Webcast
There will also be a simultaneous live webcast over the Internet, through the Capital Product Partners website, www.capitalpplp.com. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.
About Capital Product Partners L.P.
Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of tanker, container and drybulk vessels. The Partnership currently owns 36 vessels, including twenty-one modern MR (Medium Range) product tankers, four Suezmax crude oil tankers, ten Neo Panamax container vessels and one Capesize bulk carrier. All of its vessels are under period charters to BP Shipping Limited, Cargill International S.A., CMA-CGM S.A., Cosco Bulk Carrier Co. Ltd., CSSA S.A. (Total S.A.), Flota Petrolera Ecuatoriana ("Flopec"), Hyundai Merchant Marine Co. Ltd., International Seaways, Inc., Pacific International Lines (Pte) Ltd, Petróleo Brasileiro S.A. ("Petrobras"), Repsol Trading S.A., Stena Bulk A.B., and Capital Maritime.
For more information about the Partnership, please visit our website: www.capitalpplp.com.
http://www.capitalpplp.com/releasedetail.cfm?ReleaseID=1009716
Capital Product Partners reports Q4 EPS and revs above consensus
7:38 AM ET 1/31/17 | Briefing.com
Co reports Q4 $0.09 vs $0.08 Capital IQ Consensus Estimate; revs +5% YoY to $62.4 mln vs $60.78 mln Capital IQ Consensus EstimateTotal expenses for the fourth quarter of 2016 were $43.2 million compared to $38.9 million in the fourth quarter of 2015. Total vessel operating expenses during the fourth quarter of 2016 amounted to $20.4 million, an increase of 11% compared to $18.3 million during the fourth quarter of 2015.
$CPLP @3.69 Bought some @3.65...
Capital Product Partners L.P.
Key Data
http://seekingalpha.com/symbol/CPLP/key-data
http://www.capitalpplp.com/overview.cfm
Sustainable Distribution • The Partnership’s common unit distribution for the third quarter of 2016 was $0.075 per common unit. • The Partnership announced an increase to its quarterly distribution by 0.5 cents from 4Q2016 onwards to $0.08 per common unit following the acquisition of an eco MR product tanker from its Sponsor. • The common unit distribution coverage as of September 30, 2016 was 4.7x or 1.5x excluding the impact of certain one-off proceeds. • Strong balance sheet with capital reserve in place for debt amortization payments until end of 2018. • Long term distribution growth is enhanced by the Partnership’s commitment to accretive growth strategies as it builds on its financial flexibility. CPLP has the option to grow its fleet further with five additional newbuild eco MR product tankers from its Sponsor, on which CPLP has a right of first refusal.
Fact Sheet...
http://files.shareholder.com/downloads/CSMC/3732249536x0x560797/F708B534-E2C6-493C-A841-C38E97146522/CPLP_FactSheet.pdf
J Mintzmyer: CPLP is likely to see a 2x+ dividend growth for FY17/FY16.
I also expect 50-100% stock price increase by next summer.
we're all here just had to get a real mans hair cut... It will be a while for the recovery if you're happy buy more if you're not snort gruntle and grown is all I can come up with!
I just got in this last week myself as a dividend play. Sure wasn't expecting todays news. Oh well, I was going to hold it anyway as long as they were paying the dividends. Even with the dividend cut, it's still not a bad yield at the current share price.
I just got some the other day. I was NOT expecting such a big drop on the divy cut. Cutting the divy makes for a stronger future, does it not?
Sure are not many posters here. Nobody like this stock?
Yup, what do you want to know? back at my average @ 2.74...Guess I'll ride it out.
The market woke up last year and realized the MLP model is unsustainable. You can't continually distribute all your net cash flow and issue shares and debt to fund fixed assets. Its like depreciation isn't a real expense... maybe so for REITS, but who thinks ships and pipelines don't go down in value and eventually need replacing? Eventually most MLP's would go bankrupt since they wouldn't have the reserves to fund asset replacements. Reminds me of a ponzi scheme. That said, CPLP is now selling at close to liquidation value. Their credit facilities require the collateralize'd fleet to have a current market (i.e. saleable) value of no less than 125% of outstanding balance. This would give a minimum fleet value of $740,000 as of 12/15/15 and result in a fair market value (i.e. liquidation value) of $2.93 per unit. Unlike some other MLP's like KMI, CPLP is actually profitable. If I were management, I would pull out all stops to buyback as many "30%" units as possible. My plan would be: fund additional MR tankers and buy back 10% of units with ~10% financing and cut the distribution to 60 cents. This would generate an annual reserve addition of $75,000,000 and give them the flexibility to pay down debt coming due in 2018 and 2019, self-fund further fleet additions and/or buy back more units. I think this is exactly what they are trying to do now. The market would react very positively IMO. At today's unit price the yield would still be over 20%. Any way you look at it, CPLP is a very good buy below $3.00.
I agree,I think a bottom has held up at 2.50,great time to get in,great upside, awesome dividend,I'am in with 40,000 shares
CPLP looking goid
[CPLP] keeping their dividend intact Strong Buy! I am buying all I can at these levels!
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES CASH DISTRIBUTION
ATHENS, GREECE – 1/20/16 -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.2385 per common unit for the fourth quarter of 2015 ended December 31, 2015.
The fourth quarter common unit cash distribution will be paid on February 12, 2016, to unit holders of record on February 5, 2016.
Third time this year! .....Nice
ATHENS, GREECE – 10/21/15 -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.2385 per common unit for the third quarter of 2015 ended September 30, 2015, which represents an increase of $0.002 from $0.2365 per unit for the second quarter of 2015.
Capital Products Limited Partners (CPLP)raises their dividend yet again! Cha Ching!!!
Capital Product Partners L.P. Announces Cash Distribution
Mon July 22, 2013 4:05 PM | about: CPLP
NEWS PROVIDED BY:
Marketwire
ATHENS, GREECE -- (Marketwired) -- 07/22/13 -- Capital Product Partners L.P. (CPLP) today announced that its board of directors has declared a cash distribution of $0.2325 per common unit for the second quarter of 2013 ended June 30, 2013, in line with management's annual guidance.
The second quarter common unit cash distribution will be paid on August 15, 2013, to unit holders of record on August 7, 2013.
9:13 AM Capital Product (CPLP): Q1 EPS of $0.28. Revenue of $40M beats by $0.5M.
9:09 AM Capital Product Partners (CPLP): Q4 EPS of $0.12 beats by $0.06. Revenue of $38.3M in-line.
11:57 AM, Jan 07. Capital Product Partners (CPLP +3.4%) acquires from Capital Maritime & Trading two post panamax container vessels; in return, CPLP contributes two VLCC tankers, both of which were under charter to Capital Maritime at $28,000/day.
Capital Product Partners L.P. Announces Cash Distribution
4:05 PM 10/23/2012 - Marketwire
ATHENS, GREECE -- (Marketwire) -- 10/23/12 -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.2325 per common unit for the third quarter of 2012 ended September 30, 2012, in line with management's annual guidance.
The third quarter common unit cash distribution will be paid on November 15, 2012, to unit holders of record on November 8, 2012.
About Capital Product Partners L.P.
Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. The Partnership currently owns 25 vessels, including two VLCCs (Very Large Crude Carriers), four Suezmax crude oil tankers, 18 modern MR (Medium Range) tankers and one Capesize bulk carrier. All of its vessels are under period charters to BP Shipping Limited, Overseas Shipholding Group, Petrobras, Arrendadora Ocean Mexicana, S.A. de C.V., Subtec S.A. de C.V., Cosco Bulk Carrier Co. Ltd. and Capital Maritime & Trading Corp.
For more information about the Partnership, please visit our website: www.capitalpplp.com.
Forward-Looking Statements
The statements in this press release that are not historical facts may be forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. Unless required by law, we expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views or expectations, to conform them to actual results or otherwise. We assume no responsibility for the accuracy and completeness of the forward-looking statements. We make no prediction or statement about the performance of our common units.
CPLP-F
Contact Details:
Capital GP L.L.C.
Ioannis Lazaridis
CEO and CFO
+30 (210) 4584 950
E-mail: i.lazaridis@capitalpplp.com
Investor Relations / Media
Matthew AbenanteCapital Link, Inc. (New York)
Tel. +1-212-661-7566
E-mail: cplp@capitallink.comCapital Maritime & Trading Corp.
Jerry Kalogiratos
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117
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Created
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10/26/10
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Free
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Capital Product Partners L.P. (Nasdaq: CPLP) is an international, diversified shipping company and leader in the seaborne transportation of a wide range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil, jet fuel and edible oils, as well as dry cargo and containerized goods. As a publicly traded master limited partnership, CPLP has elected to be treated as a C-Corp. for tax purposes which is most beneficial for U.S. investors (as they receive the standard 1099 form). The Partnership is well-positioned to benefit from the long-term growth dynamics of the global shipping industry and to capitalize on potential acquisition opportunities in the fragmented shipping market. CPLP benefits from the commercial and technical management agreement with its Sponsor, Capital Maritime & Trading Corp. ("Capital Maritime"), an established and reputable diversified shipping company.
Modern High Specification Fleet
• The CPLP fleet currently consists of thirty four high specification vessels: four suezmax crude oil tankers, twenty MR (Medium Range) product tankers, all of which are classed as IMO II/III vessels, nine post-panamax container carrier vessels and one capesize bulk carrier.
• The average age of the CPLP fleet (weighted by dwt) is 6.5 years (as of September 30, 2015). Its thirteen Ice Class 1A MR chemical/product tankers represent one of the largest such fleets in the world.
Fleet Employment -- Visible & Stable Cash Flows
• CPLP vessels are chartered under medium- to long-term, fixed-rate time and bareboat charters with counterparties such as A.P. Moller-Maersk A.S., BP Shipping Limited, Cargill International S.A., CMA-CGM S.A., Cosco Bulk Carrier Co. Ltd., CSSA S.A. (Total S.A.), Engen Petroleum, Hyundai Merchant Marine Co. Ltd., Overseas Shipholding Group Inc., Petróleo Brasileiro S.A. ('Petrobras'), Repsol Trading S.A. ('Repsol'), Shell International Trading & Shipping Company Ltd., Stena Bulk A.B. and Capital Maritime.
http://www.capitalpplp.com/overview.cfm
Ex-dividend date | Amount | Record date | Pay date |
---|---|---|---|
February 3, 2016 | $0.2385 | February 5, 2016 | February 12, 2016 |
November 4, 2015 | $0.2385 | November 6, 2015 | November 13, 2015 |
August 5, 2015 | $0.2365 | August 7, 2015 | August 14, 2015 |
May 5, 2015 | $0.2345 | May 7, 2015 | May 13, 2015 |
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