Martin Midstream Partners L.P. (NASDAQ:MMLP) to Issue Quarterly Dividend of $0.01

Martin Midstream Partners L.P. (NASDAQ:MMLP - Get Free Report) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Thursday, November 7th will be paid a dividend of 0.005 per share by the pipeline company on Thursday, November 14th. This represents a $0.02 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, November 7th.

Martin Midstream Partners has decreased its dividend payment by an average of 47.1% per year over the last three years. Martin Midstream Partners has a payout ratio of 12.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Martin Midstream Partners to earn $0.16 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 12.5%.

Martin Midstream Partners Price Performance

Shares of Martin Midstream Partners stock remained flat at $3.99 during trading on Friday. The company had a trading volume of 161,920 shares, compared to its average volume of 77,663. The stock has a 50 day moving average of $3.69 and a 200-day moving average of $3.33. The firm has a market capitalization of $155.42 million, a PE ratio of 44.22 and a beta of 2.12. Martin Midstream Partners has a fifty-two week low of $2.04 and a fifty-two week high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last announced its earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.05). Martin Midstream Partners had a negative return on equity of 10.46% and a net margin of 0.90%. The company had revenue of $170.93 million during the quarter, compared to the consensus estimate of $176.43 million. During the same period in the prior year, the firm posted ($0.03) earnings per share. Sell-side analysts forecast that Martin Midstream Partners will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Martin Midstream Partners in a report on Tuesday. They set a "buy" rating on the stock.

About Martin Midstream Partners

Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.