Global Partners Stock Dividend Shocker, Legendary

  • Post category:Energy
  • Reading time:9 mins read
Get Email Alerts and Follow Us:

Global Partners stock dividend currently yields 7%! The company has a history of steady, long-term growth and is a reliable dividend payer, so it may be an attractive option for investors looking for both income and capital appreciation in a single stock.

Global Partners (GLP)

Global Partners stock chart on February 13 2023 in a 6 month long uptrend channel. Global Partners stock dividend is currently near 7% yield!
Global Partners stock chart on February 13 2023 in a 6 month long uptrend channel

Global Partners LP is a publicly traded, independent energy company that owns, controls, or has access to one of the largest terminal networks of petroleum products in the northeastern United States. Its terminals store, distribute and supply gasoline, diesel, heating oil, jet fuel, asphalt, and other petroleum products. The company also supplies, blends, and markets renewable fuels, and provides related services to customers in the Northeast and Mid-Atlantic regions of the United States. Global Partners LP is listed on the New York Stock Exchange under the symbol GLP. The company has a market capitalization of $1.2 billion and has paid an annual dividend since 2003.

Global Partners Stock Dividend Q4 2022

On January 25, 2023, Global Partners LP announced that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $1.5725 per unit on all of its outstanding common units from October 1, 2022 through December 31, 2022, consisting of a quarterly distribution of $0.6350 per unit, or $2.54 per unit on an annualized basis, and a one-time special distribution of $0.9375 per common unit. The distribution will be paid on February 14, 2023 to unitholders of record as of the close of business on February 8, 2023.

What makes the Global Partners stock dividend the stuff of legend is how long the company has been paying a dividend and how they’ve increased it almost every year. The first dividend from the company was all the way back in 2005, some 18 years ago.

Global Partners Acquisition Of Tidewater Convenience

Back in September 2022, Global Partners LP announced its acquisition of Tidewater Convenience. The acquisition included 15 locations (14 company-operated) in Southeast Virginia.

“We are committed to continuing to expand by adding strategic locations to our vertically integrated network. Virginia is a key market that complements our existing portfolio,” said Mark Cosenza, SVP Gasoline, Distribution and Station Operations. “We share Tidewater’s values around community and a commitment to guest experience, and we look forward to continuing to deliver high-quality service at these locations.”

As Global Partners expands further into the Virginia markets and expands its retail presence in the Mid-Atlantic region, the acquisition of Tidewater will enable it to grow more quickly. The addition of Tidewater Convenience can boost profit margins in the upcoming quarters because it synergizes flawlessly with the partnership’s existing portfolio, which could cut down on logistical time and expense in the years to come.

Frequently Asked Questions

What is Global Partners dividend history?

Global Partners LP (GLP) has paid quarterly dividends since it went public in 2005. The company has generally increased its dividend payments since then. The current quarterly dividend rate is $0.63 per share, with a dividend yield of 6.94%. Here is the first 8 year history of the company’s dividend since going public in 2005:
2005: $0.26 per share
2006: $0.30 per share
2007: $0.34 per share
2008: $0.38 per share
2009: $0.40 per share
2010: $0.43 per share
2011: $0.45 per share
2012: $0.46 per share

How often Does Global Partners pay dividends?

Global Partners LP pays dividends quarterly.

When is Global Partners dividend payment date?

Global Partners pay dividends on a quarterly basis every: February, May, August, and November.

What are stocks with a 6% dividend yield?

AT&T Inc. (T), Verizon Communications Inc. (VZ), Global Partners LP (GLP), Xerox (XRX), Kinder Morgan (KMI), MediFast (MED), Spirit Airlines (SAVE), Viper Energy Partners (VNOM), Kohls (KSS), B&G Foods (BGS)

What are stocks with 8% dividend?

Home Point Capital (HMPT), India 50 ETF (INDY), Plains GP Holdings (PAGP), Franchise Group (FRG), Piedmont Office Realty (PDM), Putnam Premier Income Trust (PPT), Sociedad Quimica (SQM), Devon Energy (DVN)

Is AT&T a monthly dividend stock?

No, AT&T is not a monthly dividend stock. It is a quarterly dividend stock, meaning it pays a dividend four times a year.

Get Email Alerts and Follow Us: