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

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

Navios Maritime Partners has a payout ratio of 1.5% meaning its dividend is sufficiently covered by earnings. Research 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 NYSE:NMM opened at $42.20 on Friday. Navios Maritime Partners has a 52 week low of $27.47 and a 52 week 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. The company’s fifty day moving average is $44.67 and its 200-day moving average is $50.45. The company has a market capitalization of $1.26 billion, a PE ratio of 3.20 and a beta of 1.97.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Tuesday, November 5th. The shipping company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.80 by ($0.65). The firm 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%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.68 EPS. Equities research analysts predict that Navios Maritime Partners will post 11.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a research 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.