Navios Maritime Partners L.P. (NMM) to Issue Quarterly Dividend of $0.05 on February 13th

Navios Maritime Partners L.P. (NYSE:NMM) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Monday, February 10th will be paid a dividend of 0.05 per share by the shipping company on Thursday, February 13th. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, February 10th.

Navios Maritime Partners has a payout ratio of 1.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Navios Maritime Partners to earn $13.87 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 1.4%.

Navios Maritime Partners Stock Down 1.7 %

NMM stock opened at $42.82 on Friday. The company has a market capitalization of $1.28 billion, a P/E ratio of 3.25 and a beta of 1.93. Navios Maritime Partners has a 12 month low of $28.05 and a 12 month high of $65.89. The firm’s fifty day simple moving average is $44.29 and its 200-day simple moving average is $50.27. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Tuesday, November 5th. The shipping company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.80 by ($0.65). The business had revenue of $340.84 million during the quarter, compared to analysts’ expectations of $326.32 million. Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.66%. Navios Maritime Partners’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.68 earnings per share. As a group, equities research analysts forecast that Navios Maritime Partners will post 11.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Navios Maritime Partners from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

About Navios Maritime Partners

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters.