Global Partners LP
GLP-PBEnergy · Stock · quarterly payer
Forward Yield
9.33%
Annual Dividend
$2.38
Payout Ratio
—
5-Yr Growth
—
Ex-Date
May 1, 2026
Frequency
Quarterly
Summary
As of July 2026, Global Partners LP (GLP-PB) yields 9.33% ($2.38 per share annually), with a blended fair-value estimate of $65.14 — +156% upside, so it screens as undervalued. Dividend safety grade: B (67/100).
Is GLP-PB a good dividend stock?
Yes, with caveatsGlobal Partners LP (GLP-PB) pays a quarterly dividend yielding 9.33% ($2.38/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.33%
- Payout Ratio
- —
- Annual Dividend
- $2.38
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- May 1, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.02
- Market Cap
- —
- P/E Ratio
- 11.2
- 5-Yr Total Return
- -5%
- 52-Week Range
- $25.25 – $26.43
- Dividend Safety
- B · 67/100
- Ever Cut?
- No
Frequently Asked Questions
GLP-PB Price — Last 12 Months
Daily close
Price Return
1 Year
-1%
3 Years
-2%
5 Years
-5%
52-Week Range
$25.25 – $26.43
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GLP-PB worth?
Undervaluedlow confidenceOur blended fair-value estimate for Global Partners LP is $65.14 per share, versus a market price of $25.45. That implies 156% of upside — a margin of safety of about 61%.
Fair Value
$65.14
Current Price
$25.45
Upside
+156%
Margin of Safety
61%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.4% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $2.27 EPS, $2.38 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GLP-PB Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 1, 2026 | — | $0.5938 | regular |
| Feb 2, 2026 | — | $0.5938 | regular |
| Nov 3, 2025 | — | $0.5938 | regular |
| Aug 1, 2025 | — | $0.5938 | regular |
| May 1, 2025 | — | $0.5938 | regular |
| Feb 3, 2025 | — | $0.5938 | regular |
| Nov 1, 2024 | — | $0.5938 | regular |
| Aug 1, 2024 | — | $0.5938 | regular |
| Apr 30, 2024 | — | $0.5938 | regular |
| Jan 31, 2024 | — | $0.5938 | regular |
| Oct 31, 2023 | — | $0.5938 | regular |
| Jul 31, 2023 | — | $0.5938 | regular |
| Apr 28, 2023 | — | $0.5938 | regular |
| Jan 31, 2023 | — | $0.5938 | regular |
Income Calculator
At $2.38 / yr per share
