dividend
confidence high
sentiment positive
materiality 0.55
Kimbell Royalty declares Q1 2022 distribution of $0.47/unit, up 27% QoQ; pays 75% of cash, rest to debt paydown
Kimbell Royalty Partners, LP
- Quarterly distribution of $0.47 per common unit for Q1 2022 (vs. $0.37 in Q4 2021).
- Payable May 9, 2022 to unitholders of record May 2, 2022; represents 75% of projected Q1 cash available.
- Remaining 25% will be used to reduce borrowings under the credit facility; $52.5M paid down since May 2020.
- Annualized cash yield of 11.1% based on closing price of $16.94 on April 22, 2022.