Patria Investments Limited (NYSE:PAX - Get Free Report) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 25th will be given a dividend of 0.15 per share on Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Tuesday, February 25th.
Patria Investments has increased its dividend by an average of 7.2% annually over the last three years. Patria Investments has a payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Patria Investments to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 43.2%.
Patria Investments Stock Performance
PAX traded down $0.03 during trading on Monday, hitting $12.69. The stock had a trading volume of 627,909 shares, compared to its average volume of 454,696. The firm has a market cap of $758.48 million, a PE ratio of 29.51, a P/E/G ratio of 1.23 and a beta of 0.58. Patria Investments has a 12 month low of $10.63 and a 12 month high of $16.16. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. The company has a 50 day simple moving average of $11.85 and a 200-day simple moving average of $11.69.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group dropped their target price on shares of Patria Investments from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, October 22nd.
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About Patria Investments
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Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.
Further Reading
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