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

Navios Maritime Partners L.P. (NYSE:NMM - Get Free Report) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Monday, February 10th will be given 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 0.46%. 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 3.0 %

NYSE NMM traded up $1.25 on Tuesday, reaching $43.62. The stock had a trading volume of 105,673 shares, compared to its average volume of 137,822. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. Navios Maritime Partners has a 1 year low of $27.52 and a 1 year high of $65.89. The business has a 50 day moving average price of $44.46 and a 200 day moving average price of $50.36. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 3.31 and a beta of 1.93.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The shipping company reported $3.15 EPS for the quarter, missing analysts' consensus estimates of $3.80 by ($0.65). Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.66%. The company had revenue of $340.84 million for the quarter, compared to analyst estimates of $326.32 million. During the same period in the prior year, the company posted $2.68 EPS. The business's revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Navios Maritime Partners will post 11.6 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered Navios Maritime Partners from a "buy" rating to a "hold" rating in a report on Monday.

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.