Navios Maritime Partners L.P. (NMM) To Go Ex-Dividend on August 9th

Navios Maritime Partners L.P. (NYSE:NMM) announced a quarterly dividend on Thursday, July 25th, NASDAQ reports. Shareholders of record on Friday, August 9th will be given a dividend of 0.05 per share by the shipping company on Wednesday, August 14th. This represents a $0.20 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, August 9th.

Navios Maritime Partners has decreased its dividend by an average of 34.1% per year over the last three years. Navios Maritime Partners has a payout ratio of 1.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Navios Maritime Partners to earn $19.13 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 1.0%.

Navios Maritime Partners Stock Up 0.3 %

NMM stock opened at $47.18 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.89 and a quick ratio of 0.89. Navios Maritime Partners has a 1-year low of $20.92 and a 1-year high of $53.83. The firm has a fifty day moving average price of $49.98 and a two-hundred day moving average price of $41.92. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 3.56 and a beta of 1.95.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings results on Tuesday, May 14th. The shipping company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.05 by $0.27. The business had revenue of $318.60 million during the quarter, compared to analyst estimates of $283.59 million. Navios Maritime Partners had a net margin of 30.99% and a return on equity of 14.41%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Research analysts predict that Navios Maritime Partners will post 14.69 EPS for the current year.

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.