Capital Clean Energy Carriers Corp. declares a $0.15 quarterly dividend, payable February 12, 2025.
Quiver AI Summary
Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) announced a cash dividend of $0.15 per share for the fourth quarter of 2024, which will be paid on February 12, 2025, to shareholders on record as of February 6, 2025. The company is a leading international shipping firm focused on gas carriage solutions and energy transition, operating a fleet of 16 high specification vessels and planning to expand with additional new vessels scheduled for delivery between 2026 and 2027. The press release includes forward-looking statements that may involve risks and uncertainties affecting anticipated results, and it indicates that the company does not assume responsibility for the accuracy of these statements. For further details, interested parties can visit CCEC's website.
Potential Positives
- The board of directors declared a cash dividend of $0.15 per share for the fourth quarter of 2024, signaling financial strength and shareholder returns.
- The dividend payment date is set for February 12, 2025, providing shareholders with a clear timeline for expected income.
- Capital Clean Energy Carriers Corp. is positioning itself as a leader in gas carriage solutions with a focus on energy transition, which aligns with global sustainability trends.
- The company has a robust fleet development plan, including six additional latest generation LNG carriers, indicating future growth and investment in modern capacity.
Potential Negatives
- The announcement of a cash dividend could indicate limited cash flow or profitability, as companies may use dividends to show financial strength, and needing to declare one might suggest financial constraints.
- The mention of selling one of their vessels within the first quarter of 2025 may raise concerns about the company's overall fleet strategy and financial health.
- The extensive forward-looking statements disclaimer highlights uncertainty and potential challenges ahead, which could lead to investor anxiety regarding future performance.
FAQ
What is the cash dividend declared by Capital Clean Energy Carriers Corp.?
The board has declared a cash dividend of $0.15 per share for Q4 2024.
When will the dividend be paid to shareholders?
The dividend will be paid on February 12, 2025, to shareholders of record on February 6, 2025.
What is the focus of Capital Clean Energy Carriers Corp.?
Capital Clean Energy Carriers Corp. focuses on providing gas carriage solutions with an emphasis on energy transition.
How many vessels are included in CCEC's fleet?
CCEC’s fleet includes 16 high specification vessels and several additional vessels under construction.
Where can I find more information about CCEC?
More information about Capital Clean Energy Carriers Corp. can be found at www.capitalcleanenergycarriers.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
ATHENS, Greece, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) today announced that its board of directors has declared a cash dividend per share of $0.15 for the fourth quarter of 2024 ended December 31, 2024.
The cash dividend for the fourth quarter of 2024 will be paid on February 12, 2025, to common shareholders of record on February 6, 2025.
About Capital Clean Energy Carriers Corp.
Capital Clean Energy Carriers Corp. (NASDAQ: CCEC), an international shipping company, is one of the world’s leading platforms of gas carriage solutions with a focus on energy transition. CCEC’s in-the-water fleet includes 16 high specification vessels, including 12 latest generation LNG/Cs and four legacy Neo-Panamax container vessels, one of which we have agreed to sell within the first quarter of 2025. In addition, CCEC’s under-construction fleet includes six additional latest generation LNG/Cs, six dual-fuel medium gas carriers and four handy liquid CO2/multi-gas carriers, to be delivered between the first quarter of 2026 and the third quarter of 2027. For more information about CCEC, please visit
www.capitalcleanenergycarriers.com
.
Forward-Looking Statements
The statements in this press release that are not historical facts may be forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. Unless required by law, we expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views or expectations, to conform to actual results or otherwise. We assume no responsibility for the accuracy and completeness of the forward-looking statements. We make no prediction or statement about the performance of our common shares.
Contact Details:
Investor Relations / Media
Brian Gallagher
EVP Investor Relations
Tel. +44-(770) 368 4996
E-mail:
[email protected]
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel. +1-212-661-7566
E-mail:
[email protected]