Navios Maritime Partners L.P. to Issue Quarterly Dividend of $0.05 (NYSE:NMM)

Navios Maritime Partners L.P. (NYSE:NMM) declared a quarterly dividend on Thursday, July 25th, NASDAQ reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, August 9th.

Navios Maritime Partners has decreased its dividend payment by an average of 34.1% annually over the last three years. Navios Maritime Partners has a dividend payout ratio of 1.3% indicating that its dividend is sufficiently covered by earnings. 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 %

Shares of NMM traded up $0.15 on Friday, reaching $47.18. The stock had a trading volume of 82,025 shares, compared to its average volume of 163,306. The company has a 50-day simple moving average of $49.98 and a 200-day simple moving average of $41.80. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 3.56 and a beta of 1.95. Navios Maritime Partners has a 12-month low of $20.92 and a 12-month high of $53.83. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.89 and a current ratio of 0.89.

Navios Maritime Partners (NYSE:NMM) last released its 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. Navios Maritime Partners had a return on equity of 14.41% and a net margin of 30.99%. The business had revenue of $318.60 million for the quarter, compared to the consensus estimate of $283.59 million. During the same period in the previous year, the company posted $2.13 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts predict that Navios Maritime Partners will post 14.69 EPS for the current year.

Navios Maritime Partners Company Profile

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.