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Kimbell Royalty Partners LP (KRP) is currently experiencing a significant stock price drop, with shares trading as low as $12.07 on Wednesday. This price fall has resulted in an RSI reading of 29.9, indicating KRP is in oversold territory, as stocks are deemed oversold when the RSI falls below 30. In contrast, the average RSI for the coverage universe of dividend stocks is 56.6.
Additionally, KRP’s annualized dividend stands at $1.40 per share, yielding 11.36% against the recent share price of $12.32. This yield presents an attractive opportunity for dividend investors, especially given the company’s solid ranking in the top 50% of dividend stocks.
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