Kimbell Royalty Partners, LP (NYSE:KRP) Declares Quarterly Dividend of $0.40

Posted by Tech Dows on Feb 28th, 2025

Kimbell Royalty Partners, LP (NYSE:KRP – Get Free Report) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.40 per share by the energy company on Tuesday, March 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.45%. The ex-dividend date is Tuesday, March 18th.

Kimbell Royalty Partners has a dividend payout ratio of 109.9% 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 Kimbell Royalty Partners to earn $1.01 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 154.5%.

Kimbell Royalty Partners Price Performance

Shares of Kimbell Royalty Partners stock traded up $0.23 during midday trading on Friday, reaching $15.31. The company had a trading volume of 889,288 shares, compared to its average volume of 935,402. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $15.75 and a 200 day simple moving average of $15.88. Kimbell Royalty Partners has a 1-year low of $14.93 and a 1-year high of $17.07. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 4.25 and a beta of 1.08.

Analysts Set New Price Targets

KRP has been the subject of a number of recent research reports. Raymond James boosted their target price on Kimbell Royalty Partners from $19.00 to $23.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 13th.

Get Our Latest Analysis on KRP