Global Partners LP
GLPEnergy · Stock · quarterly payer
Forward Yield
6.22%
Annual Dividend
$3.12
Payout Ratio
62%
5-Yr Growth
9.7%
Ex-Date
Aug 10, 2026
Frequency
Quarterly
Summary
As of August 2026, Global Partners LP (GLP) yields 6.22% ($3.12 per share annually), with a blended fair-value estimate of $129.66 — +158% upside, so it screens as undervalued. Dividend safety grade: C (62/100). 5 years of dividend growth.
Is GLP a good dividend stock?
Yes, with caveatsGlobal Partners LP (GLP) pays a quarterly dividend yielding 6.22% ($3.12/yr), with 5 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 9.7% 5-yr dividend growth
- 148% total price return over 5 years
Risks
- Cut its dividend in 2020
Key Data
- Dividend Yield
- 6.22%
- Payout Ratio
- 62%
- Annual Dividend
- $3.12
- 5-Yr Avg Growth
- 9.7%
- Ex-Dividend Date
- Aug 10, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- —
- Market Cap
- $1.7B
- P/E Ratio
- 10.3
- 5-Yr Total Return
- 148%
- 52-Week Range
- $39.58 – $53.25
- Dividend Safety
- C · 62/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
GLP Price — Last 12 Months
Daily close
Price Return
1 Year
-6%
3 Years
+60%
5 Years
+148%
52-Week Range
$39.58 – $53.25
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GLP worth?
Undervaluedlow confidenceOur blended fair-value estimate for Global Partners LP is $129.66 per share, versus a market price of $50.18. That implies 158% of upside — a margin of safety of about 61%.
Fair Value
$129.66
Current Price
$50.18
Upside
+158%
Margin of Safety
61%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 4.4% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $4.89 EPS, $3.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GLP Dividend Safety Score
Borderline
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 11, 2026 | — | $0.7650 | regular |
| Feb 9, 2026 | — | $0.7600 | regular |
| Nov 10, 2025 | — | $0.7550 | regular |
| Aug 8, 2025 | — | $0.7500 | regular |
| May 9, 2025 | — | $0.7450 | regular |
| Feb 10, 2025 | — | $0.7400 | regular |
| Nov 8, 2024 | — | $0.7300 | regular |
| Aug 8, 2024 | — | $0.7200 | regular |
| May 8, 2024 | — | $0.7100 | regular |
| Feb 7, 2024 | — | $0.7000 | regular |
| Nov 7, 2023 | — | $0.6850 | regular |
| Aug 7, 2023 | — | $0.6750 | regular |
| May 8, 2023 | — | $0.6550 | regular |
| Feb 7, 2023 | — | $1.5730 | regular |
Income Calculator
At $3.12 / yr per share
