CPLP Declares $0.15/Unit Q4 2023 Cash Distribution
Ticker: CCEC · Form: 6-K · Filed: Jan 29, 2024 · CIK: 1392326
Complexity: simple
Sentiment: bullish
Topics: cash-distribution, dividend, shareholder-return, shipping
TL;DR
**CPLP just declared a $0.15 cash distribution per common unit for Q4 2023, payable Feb 13!**
AI Summary
Capital Product Partners L.P. (CPLP) announced a cash distribution of $0.15 per common unit for the fourth quarter of 2023, which ended December 31, 2023. This distribution will be paid on February 13, 2024, to unit holders of record as of February 6, 2024. This matters to investors because it confirms CPLP's commitment to returning capital to shareholders, indicating financial stability and potentially making the stock more attractive to income-focused investors.
Why It Matters
This distribution signals CPLP's ongoing financial health and commitment to shareholder returns, which can positively influence investor confidence and the stock's appeal.
Risk Assessment
Risk Level: low — The filing announces a routine cash distribution, which is generally a positive sign of financial stability and does not introduce new risks.
Analyst Insight
A smart investor would note this consistent dividend payment as a sign of financial health and consider CPLP for income-generating portfolios, while also monitoring future earnings reports for sustainability.
Key Numbers
- $0.15 — Cash distribution per common unit (for the fourth quarter of 2023)
- 24 — High specification vessels owned (CPLP's current fleet size)
- 9 — Latest generation LNG/Cs owned (part of CPLP's vessel fleet)
- 12 — Neo-Panamax vessels owned (part of CPLP's vessel fleet)
Key Players & Entities
- Capital Product Partners L.P. (company) — the registrant announcing the distribution
- Gerasimos (Jerry) Kalogiratos (person) — Chief Executive Officer of Capital GP L.L.C., the general partner
- $0.15 (dollar_amount) — the cash distribution per common unit
- February 13, 2024 (date) — the payment date for the distribution
- February 6, 2024 (date) — the record date for common unit holders
- January 25, 2024 (date) — date of the press release announcing the distribution
- January 29, 2024 (date) — date the 6-K report was filed
Forward-Looking Statements
- CPLP will continue to declare similar quarterly cash distributions in 2024. (Capital Product Partners L.P.) — medium confidence, target: Q1 2024 earnings report
FAQ
What is the amount of the cash distribution declared by Capital Product Partners L.P. for the fourth quarter of 2023?
Capital Product Partners L.P. declared a cash distribution of $0.15 per common unit for the fourth quarter of 2023, which ended December 31, 2023.
When will the cash distribution for the fourth quarter of 2023 be paid?
The fourth quarter common unit cash distribution will be paid on February 13, 2024.
What is the record date for common unit holders to receive this distribution?
Common unit holders of record on February 6, 2024, will be eligible to receive the distribution.
Who signed the 6-K report on behalf of Capital Product Partners L.P.?
The report was signed by Gerasimos (Jerry) Kalogiratos, Chief Executive Officer of Capital GP L.L.C., the general partner of Capital Product Partners L.P.
What is Capital Product Partners L.P.'s current fleet composition as mentioned in the filing?
Capital Product Partners L.P. currently owns 24 high specification vessels, including nine latest generation LNG/Cs and 12 Neo-Panamax vessels.
Filing Stats: 204 words · 1 min read · ~1 pages · Grade level 9.4 · Accepted 2024-01-29 11:09:49
Filing Documents
- d738587d6k.htm (6-K) — 8KB
- d738587dex99i.htm (EX-99.I) — 6KB
- g738587g0126183029119.jpg (GRAPHIC) — 4KB
- 0001193125-24-017722.txt ( ) — 21KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CAPITAL PRODUCT PARTNERS L.P. Dated: January 29, 2024 By: Capital GP L.L.C., its general partner /s/ Gerasimos (Jerry) Kalogiratos Name: Gerasimos (Jerry) Kalogiratos Title: Chief Executive Officer of Capital GP L.L.C.