Blueknight Energy Partners, L.P. Plans Quarterly Dividend of $0.18 (NASDAQ:BKEPP)

Blueknight Energy Partners, L.P. (NASDAQ:BKEPP – Get Rating) declared a quarterly dividend on Thursday, April 28th, Wall Street Journal reports. Investors of record on Friday, May 6th will be paid a dividend of 0.1788 per share on Friday, May 13th. This represents a $0.72 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date is Thursday, May 5th.

Shares of BKEPP stock opened at $8.78 on Friday. The business’s fifty day simple moving average is $8.50 and its 200-day simple moving average is $8.43. Blueknight Energy Partners has a 12-month low of $7.39 and a 12-month high of $8.86.

Several hedge funds have recently modified their holdings of the company. Invesco Ltd. purchased a new stake in shares of Blueknight Energy Partners during the fourth quarter valued at $6,574,000. Goldman Sachs Group Inc. purchased a new stake in shares of Blueknight Energy Partners during the fourth quarter valued at $1,754,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Blueknight Energy Partners during the fourth quarter valued at $147,000.

Blueknight Energy Partners Company Profile (Get Rating)

Blueknight Energy Partners, L.P. provides integrated terminalling services for companies engaged in the production, distribution, and handling of liquid asphalt in the United States. As of March 1, 2022, it had 54 terminals located in 26 states. Blueknight Energy Partners G.P., LLC operates as a general partner of Blueknight Energy Partners, L.P.

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