Martin Midstream Partners L.P. to Issue Quarterly Dividend of $0.01 (NASDAQ:MMLP)

Martin Midstream Partners L.P. (NASDAQ:MMLP) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.005 per share by the pipeline company on Friday, February 14th. This represents a $0.02 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Friday, February 7th.

Martin Midstream Partners Stock Performance

Shares of Martin Midstream Partners stock traded down $0.15 during trading on Wednesday, hitting $3.49. 71,927 shares of the stock were exchanged, compared to its average volume of 131,208. The stock has a market cap of $136.11 million, a PE ratio of 34.90 and a beta of 2.12. The stock’s fifty day moving average is $3.80 and its 200 day moving average is $3.76. Martin Midstream Partners has a 12 month low of $2.04 and a 12 month high of $4.13.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Martin Midstream Partners in a research note on Sunday. They issued a “buy” rating for the company.

Martin Midstream Partners Company Profile

Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.