Crossamerica Partners LP(NYSE:CAPL) Declares Dividend of $0.6025.

Crossamerica Partners LP (NYSE:CAPL) had declared a cash dividend of $0.6025 on Jul 28, 2016. The shares will quote ex-dividend on Aug 4, 2016 and the record date has been fixed for Aug 8, 2016. On Jul 28, 2016 share price, the yield comes out to be 10.3701%. The dividend payable date has been fixed on Aug 15, 2016.

In a different note, On Jun 23, 2016, Janney Capital said it Assumes its rating on Crossamerica Partners LP. The shares have been rated ‘Buy’ by the firm.

Crossamerica Partners LP (CAPL) shares turned negative on Thursdays trading session with the shares closing down -0.0675 points or -0.29% at a volume of 57,962. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.9. The peak price level was also seen at $23.9 while the days lowest was $23.26. Finally the shares closed at $23.44. The 52-week high of the shares is $29.25 while the 52-week low is $17.388. According to the latest information available, the market cap of the company is $779 M.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, S Eugene Edwards (director) purchased 10,000 shares at $22.92 per share price.Also, On May 9, 2016, Jeremy Bergeron (President) purchased 2,000 shares at $23.30 per share price.On Mar 9, 2016, Hamlet T Jr Newsom (VP General Counsel & Secretary) purchased 370 shares at $23.90 per share price, according to the Form-4 filing with the securities and exchange commission.

CrossAmerica Partners LP is engaged in the distribution of motor fuels including gasoline and diesel fuel. The Company owns and leases real estate used in the retail distribution of motor fuels. The Company’s sites are located in Pennsylvania New Jersey Ohio New York Massachusetts Kentucky New Hampshire Maine Florida Maryland Delaware Tennessee Virginia Illinois Indiana and West Virginia. The Company also distributes motor fuel in Georgia and North Carolina. The Company operates in two segments: wholesale and retail. As of December 31 2014 the Company distributed motor fuels to 1074 sites. The Company purchases branded and unbranded motor fuel from integrated oil companies refiners and unbranded fuel suppliers. The Company operates 87 convenience stores in Virginia and West Virginia. In addition the Company through One Stop convenience stores network owns 41 stores in Charleston West Virginia.

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