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TXO Energy Partners, L.P. engages in the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. As of July 31, 2022, it had working interest in the 850,009 gross acres located in the United States primarily in the San Juan Basin of New Mexico and Colorado, and the Permian Basin of West Texas and New Mexico. The company was founded in 2012 and is based in Fort Worth, Texas.

MorningStar Partners Dividend Announcement

• MorningStar Partners announced a quarterly dividend of $0.57 per ordinary share which will be made payable on 2024-08-27. Ex dividend date: 2024-08-20
• MorningStar Partners annual dividend for 2024 was $1.80
• MorningStar Partners annual dividend for 2023 was $1.50
• MorningStar Partners's trailing twelve-month (TTM) dividend yield is 11.68%
• MorningStar Partners's payout ratio for the trailing twelve months (TTM) is -40.95%

MorningStar Partners Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-20$0.57quarterly2024-08-27
2024-05-17$0.65quarterly2024-05-29
2024-03-14$0.58quarterly2024-03-28
2023-11-16$0.52quarterly2023-11-27
2023-08-17$0.48quarterly2023-08-25
2023-05-19$0.50quarterly2023-05-30

MorningStar Partners Dividend per year

MorningStar Partners Dividend Yield

MorningStar Partners current trailing twelve-month (TTM) dividend yield is 11.68%. Interested in purchasing MorningStar Partners stock? Use our calculator to estimate your expected dividend yield:

MorningStar Partners Financial Ratios

P/E ratio-3.60
PEG ratio-0.04
P/B ratio1.08
ROE-31.38%
Payout ratio-40.95%
Current ratio3.26
Quick ratio3.26
Cash Ratio2.12

MorningStar Partners Dividend FAQ

Does MorningStar Partners stock pay dividends?
MorningStar Partners does not currently pay dividends to its shareholders.
Has MorningStar Partners ever paid a dividend?
No, MorningStar Partners has no a history of paying dividends to its shareholders. MorningStar Partners is not known for its dividend payments.
Why doesn't MorningStar Partners pay dividends?
There are several potential reasons why MorningStar Partners would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will MorningStar Partners ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While MorningStar Partners has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is MorningStar Partners a dividend aristocrat?
MorningStar Partners is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is MorningStar Partners a dividend king?
MorningStar Partners is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is MorningStar Partners a dividend stock?
No, MorningStar Partners is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy MorningStar Partners stocks?
To buy MorningStar Partners you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy MorningStar Partners stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.