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

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 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, February 10th.

Navios Maritime Partners has a dividend payout ratio of 1.5% indicating that 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 Trading 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. Navios Maritime Partners has a 12-month low of $27.52 and a 12-month high of $65.89. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 3.31 and a beta of 1.93. The firm's fifty day moving average is $44.46 and its two-hundred day moving average is $50.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13.

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Navios Maritime Partners from a "buy" rating to a "hold" rating in a research note 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.