SmarterDividends
KNOP

KNOT Offshore Partners LP

KNOP

Energy · Oil & Gas Midstream · Stock · quarterly payer

$9.90

Undervalued · +106% Add to Portfolio

Forward Yield

4.04%

Annual Dividend

$0.40

Payout Ratio

93%

5-Yr Growth

-45.1%

Ex-Date

Oct 26, 2026

Frequency

Quarterly

Key facts about KNOP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, KNOT Offshore Partners LP (KNOP) has a forward dividend yield of 4.04%, based on an annual dividend of $0.40 per share and a share price of $9.90.
  • As of Oct 18, 2026, KNOP's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
  • KNOP last cut its regular dividend in 2023.
  • KNOP's next ex-dividend date is Oct 26, 2026, with payment on Nov 12, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 18, 2026, KNOP pays out 93% of its trailing 12-month earnings as dividends (its payout ratio).
  • KNOP's dividend has shrunk at an average rate of 45.1% a year over the past five years.
  • As of Oct 18, 2026, KNOP's 4.04% yield is 34% below its five-year average yield of 6.12%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for KNOP is $20.43 per share, 106% above the $9.90 share price, so KNOP screens as undervalued.
  • KNOT Offshore Partners LP (KNOP) pays its dividend quarterly, 4 times a year.
  • KNOT Offshore Partners LP (KNOP) has raised its regular dividend 5 times and cut it 1 time across the 53 payments on record since 2013. Its most recent change was a 92.3% increase to $0.0500 per share, going ex-dividend on Apr 27, 2026. The last cut went ex-dividend on Jan 25, 2023.
Cite this page

SmarterDividends, "KNOP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/KNOP

Summary

As of Oct 18, 2026, KNOT Offshore Partners LP (KNOP) yields 4.04% ($0.40 a year per share) and has a dividend safety grade of C (58/100).

Is KNOP a good dividend stock?

Yes, with caveats

KNOT Offshore Partners LP (KNOP) pays a quarterly dividend yielding 4.04% ($0.40/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (93%)
    • Dividend has been shrinking, not growing
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    4.04%
    Payout Ratio
    93%
    Annual Dividend
    $0.40
    5-Yr Avg Growth
    -45.1%
    Ex-Dividend Date
    Oct 26, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    -0.03
    Market Cap
    $342.1M
    P/E Ratio
    70.7
    5-Yr Total Return
    -37%
    52-Week Range
    $8.71 – $11.78
    Dividend Safety
    C · 58/100
    Ever Cut?
    Yes (2023)

    KNOP dividend raises and cuts

    KNOT Offshore Partners LP (KNOP) has raised its regular dividend 5 times and cut it 1 time across the 53 payments on record since 2013. Its most recent change was a 92.3% increase to $0.0500 per share, going ex-dividend on Apr 27, 2026. The last cut went ex-dividend on Jan 25, 2023.

    Ex-dateChangeOld → newMove
    Apr 27, 2026Raise$0.0260 → $0.0500+92.3%
    Jan 25, 2023Cut$0.520 → $0.0260−95.0%
    Oct 29, 2015Raise$0.510 → $0.520+2.0%
    Apr 30, 2015Raise$0.490 → $0.510+4.1%
    Oct 31, 2014Raise$0.435 → $0.490+12.6%
    Oct 31, 2013Raise$0.317 → $0.435+37.2%
    Every KNOP payment →Download every raise and cut (CSV)
    KNOP ex-dividend date & scheduleNext ex-date Oct 26, 2026 · full ex-dividend historyView →KNOP dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is KNOP a good dividend stock?

    Yes, with caveats. KNOT Offshore Partners LP (KNOP) pays a quarterly dividend yielding 4.04% ($0.40/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is KNOP undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, KNOP's fair value is about $20.43 versus a $9.90 share price — so it looks undervalued (+106% vs. fair value).

    Is KNOP's dividend safe?

    KNOP has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is KNOP's fair value?

    Our blended fair-value estimate for KNOP is about $20.43 per share, roughly 106% above the current $9.90 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is KNOP a buy, hold, or sell?

    We don't issue formal ratings, but on the data KNOP screens as "yes, with caveats" and undervalued. KNOT Offshore Partners LP (KNOP) pays a quarterly dividend yielding 4.04% ($0.40/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will KNOP cut its dividend?

    KNOP earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does KNOP pay a dividend?

    Yes. KNOT Offshore Partners LP pays a quarterly dividend of about $0.40 per share annually, a forward yield of roughly 4.04%.

    What is KNOP's dividend yield?

    As of Oct 18, 2026, KNOP's forward dividend yield is 4.04%, based on a $0.40 annual dividend and a $9.90 share price.

    What is KNOP's dividend per share?

    As of Oct 18, 2026, KNOP pays $0.40 per share per year, distributed on a quarterly basis.

    What is KNOP's dividend payout ratio?

    As of Oct 18, 2026, KNOP's payout ratio is 93% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has KNOP grown its dividend?

    KNOP does not currently have a long dividend-growth streak on record.

    When is the next KNOP ex-dividend date?

    As of Oct 18, 2026, the next ex-dividend date on record for KNOP is Oct 26, 2026.

    KNOP Dividend News

    KNOP
    IncreaseKNOP·Aug 27, 2026

    KNOT Offshore Partners Raises Quarterly Distribution 50%

    KNOT Offshore Partners increased its quarterly distribution to $0.075 per unit, implying a 2.81% forward yield at the stated share price.

    Income Calculator

    At $0.40 / yr per share

    Per payment (quarterly)$10.00
    Annual$40.00
    Monthly avg$3.33

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