ValuEngine Lowers American Restaurant Partners LP Class A Partnership Units (OTCMKTS:ICTPU) to Hold

ValuEngine lowered shares of American Restaurant Partners LP Class A Partnership Units (OTCMKTS:ICTPU) from a buy rating to a hold rating in a report issued on Tuesday, April 9th, ValuEngine reports.

OTCMKTS:ICTPU remained flat at $$1,400.00 during trading hours on Tuesday. American Restaurant Partners LP Class A Partnership Units has a twelve month low of $1,133.00 and a twelve month high of $1,500.00.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th were paid a $30.00 dividend. This represents a $120.00 annualized dividend and a dividend yield of 8.57%. The ex-dividend date was Monday, April 15th.

About American Restaurant Partners LP Class A Partnership Units

American Restaurant Partners, L.P., through its subsidiaries, engages in the ownership and operation of Pizza Hut restaurants in the United States. As of December 30, 2003, the partnership owned and operated 100 restaurants. RMC American Management, Inc operates as the managing general partner of the partnership.

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