CCLP stock dividend – CSI Compressco LP Announces 0.01 Cash Dividend

Dividends Yield

CCLP stock dividend – On January 21, 2023, CSI COMPRESSCO LP ($NASDAQ:CCLP) announced its 0.01 cash dividend, making it an attractive dividend stock for investors. This company is a leading provider of compression services and equipment for natural gas and oil production, transportation, gathering, and processing. It provides aftermarket services, such as parts sales, preventive maintenance, repair services, and field services to its customers. In the last three years, the company has issued an annual dividend of 0.04 USD per share.

This dividend has produced a yield of 2.73%, 2.57%, and 3.62% in 2020, 2021 and 2022 respectively, giving an average yield of 2.97%. The ex-dividend date for this stock is January 30, 2023 and those who hold the stock as of this date will be eligible to receive the cash dividend. The company also reports positive earnings consistently over the past few years, indicating that its financial position remains strong. This strong financial position combined with the attractive dividend yields makes CSI COMPRESSCO LP a great choice for dividend seekers.

Market Price

This announcement came after the stock opened at $1.4 and closed at $1.3, down by 4.3% from its previous closing price of 1.4. The decision to declare a dividend reflects the company’s commitment to delivering long-term value to its shareholders. The dividend will be paid in cash and is expected to provide an attractive return on their investments. It also serves to reinforce the company’s position as a reliable source of income for its investors. CSI COMPRESSCO LP is an independent provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. The company also provides aftermarket services and products to its clients globally, including maintenance, parts supply, field services and equipment upgrades. The company’s products and services are used by customers in the energy industry worldwide.

CSI COMPRESSCO LP is headquartered in Dallas, Texas and has operations in the United States, Canada, Mexico, Argentina, Colombia, Peru, and the United Kingdom. The company is committed to delivering quality products and services for its customers. The 0.01 cash dividend represents an attractive return for investors and reinforces the company’s commitment to long-term value for its shareholders. With its diverse product offerings and global presence, CSI COMPRESSCO LP is well positioned to continue delivering value to its investors in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CCLP. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CCLP. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CCLP. More…

Key Ratios Snapshot

Some of the financial key ratios for CCLP are shown below. More…

VI Analysis

Investors looking to analyze the fundamentals of CSI COMPRESSCO LP can easily do so with VI’s app. Through this, they can gain insight into the long-term potential of the company. According to VI Risk Rating, CSI COMPRESSCO LP is a low risk investment when it comes to both financial and business aspects. However, if investors wish to evaluate the potential risks associated with the company, they can register with us to get a deeper understanding of the business and financial areas that could be potentially risky. This detailed analysis can help investors make informed decisions with regards to CSI COMPRESSCO LP. The app also provides a good overview of the company’s financials, including its debt to equity ratio, cash flow, and other important metrics. Furthermore, investors can compare key performance indicators such as revenue growth and profitability. With this information, they can determine whether or not investing in the company is a good idea. Overall, the app makes it easier for investors to assess the long-term potential of CSI COMPRESSCO LP. By providing a comprehensive overview of the company’s financials, investors can make more informed decisions when it comes to investing in the company. Furthermore, they have the option of registering with us to further understand the areas that could pose potential risks. More…

VI Peers

The competition between CSI Compressco LP and its competitors, KLX Energy Services Holdings Inc, Natural Gas Services Group Inc, and USA Compression Partners LP, is fierce. Each company is vying for a bigger share of the market, offering the latest technologies and services to clients in order to gain a competitive edge. As the competition heats up, customers are likely to benefit from better quality products and services.

– KLX Energy Services Holdings Inc ($NASDAQ:KLXE)

KLX Energy Services Holdings Inc is a global provider of mission-critical, technology-enabled services and solutions to the upstream, midstream, and downstream energy markets. The company’s market cap as of 2022 is 205M, which is an indication of its financial position and potential for future growth. The company’s Return on Equity (ROE) of 415.16% is significantly higher than the industry average, which indicates that the company is performing well and managing its resources efficiently. Furthermore, the company’s high ROE is indicative of its ability to generate profits from its shareholders’ investments, which can be beneficial for long-term growth.

– Natural Gas Services Group Inc ($NYSE:NGS)

Gas Services Group Inc (GSG) is a publicly traded energy services provider based in Dallas, Texas. The company provides natural gas and related services to commercial and industrial customers across the United States. As of 2022, GSG has a market cap of 137.78M, indicating the company’s value and size as a public company. The company has a Return on Equity of -1.96%, which is relatively low compared to other publicly traded companies. This may indicate that GSG is not able to generate enough profit from its operations to ensure a return for its shareholders.

– USA Compression Partners LP ($NYSE:USAC)

USA Compression Partners LP is a Delaware limited partnership that provides compression services and solutions to customers in the natural gas and oil industry. The company has a market cap of 1.89 billion as of 2022 and a return on equity of 22.65%. USA Compression Partners LP’s market cap indicates that the company is highly valued by investors as it is a large company with a wide range of operations and services. The company’s return on equity indicates that the company is successfully generating revenue for its shareholders and is capable of generating returns that are substantially higher than the cost of capital. USA Compression Partners LP is well-positioned to take advantage of the opportunities in the natural gas and oil industry, as well as to continue to grow its market share in this sector.

Summary

Investing in CSI Compressco LP can be a good choice for dividend-seeking investors. The stock has issued a consistent annual dividend of 0.04 USD per share over the past three years and yields an average of 2.97%. This makes it an attractive option for those seeking stable, regular income. The ex-dividend date for this stock is January 30, 2023, giving investors plenty of time to research the company and decide if it is the right fit for their portfolio. When looking at the fundamental analysis of the company, investors should consider the financials, management, industry outlook, and competitive landscape.

The company has a strong balance sheet with manageable debt levels, experienced management team with a proven track record, and relatively favorable industry outlook. Its competitive position is solid as it operates in an industry with limited competition and high barriers to entry. Overall, CSI Compressco LP is an attractive option for dividend-seeking investors looking for a steady income stream. The strong fundamentals and steady dividend make it an ideal choice for those looking to add a stable dividend stock to their portfolio.