Navios Maritime Partners L.P. (NYSE:NMM) Announces $0.05 Quarterly Dividend

Navios Maritime Partners L.P. (NYSE:NMM) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, February 10th.

Navios Maritime Partners has a dividend payout ratio of 1.5% meaning its dividend is sufficiently covered by earnings. 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 Up 0.3 %

Shares of Navios Maritime Partners stock traded up $0.14 during trading on Friday, hitting $42.20. 122,367 shares of the stock traded hands, compared to its average volume of 139,288. The stock has a market cap of $1.26 billion, a P/E ratio of 3.20 and a beta of 1.97. The company has a fifty day moving average price of $44.86 and a two-hundred day moving average price of $50.51. Navios Maritime Partners has a twelve month low of $27.47 and a twelve month high of $65.89. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.13.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Tuesday, November 5th. The shipping company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.80 by ($0.65). The business had revenue of $340.84 million during the quarter, compared to analyst estimates 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 was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.68 earnings per share. Equities research analysts predict that Navios Maritime Partners will post 11.6 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 16th.

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.