Navios Maritime Acquisition Co. (NYSE:NNA) announced a quarterly dividend on Friday, July 31st, Wall Street Journal reports. Investors of record on Friday, September 4th will be given a dividend of 0.30 per share by the shipping company on Thursday, October 8th. This represents a $1.20 annualized dividend and a yield of 26.09%. The ex-dividend date of this dividend is Thursday, September 3rd.
Navios Maritime Acquisition has decreased its dividend by an average of 59.8% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Navios Maritime Acquisition has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings.
NYSE:NNA opened at $4.60 on Friday. The stock has a market cap of $71.91 million, a P/E ratio of -2.61 and a beta of 1.79. The stock has a 50 day simple moving average of $4.27 and a 200 day simple moving average of $4.92. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 3.19. Navios Maritime Acquisition has a 1-year low of $2.09 and a 1-year high of $11.52.
Navios Maritime Acquisition (NYSE:NNA) last released its quarterly earnings results on Thursday, July 30th. The shipping company reported $2.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.73 by ($0.72). The firm had revenue of $108.77 million for the quarter. Navios Maritime Acquisition had a positive return on equity of 11.73% and a negative net margin of 5.04%.
Navios Maritime Acquisition Company Profile
Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.
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