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

Navios Maritime Partners L.P. (NYSE:NMM) declared a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Investors of record on Friday, May 10th will be given a dividend of 0.05 per share by the shipping company on Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Thursday, May 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 dividend payout ratio of 1.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Navios Maritime Partners to earn $16.79 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 1.2%.

Navios Maritime Partners Stock Up 0.4 %

NYSE:NMM opened at $45.98 on Wednesday. The stock has a fifty day simple moving average of $41.80 and a 200-day simple moving average of $32.13. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 3.25 and a beta of 1.96. Navios Maritime Partners has a twelve month low of $19.23 and a twelve month high of $45.98.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings data on Tuesday, February 13th. The shipping company reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $1.74. Navios Maritime Partners had a net margin of 33.18% and a return on equity of 14.74%. The company had revenue of $327.50 million during the quarter, compared to analyst estimates of $322.00 million. During the same quarter last year, the business posted $3.66 EPS. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. Analysts anticipate that Navios Maritime Partners will post 14.53 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.