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

Martin Midstream Partners L.P. (NASDAQ:MMLP - Get Free Report) announced a quarterly dividend on Thursday, July 17th, Wall Street Journal reports. Shareholders of record on Thursday, August 7th will be paid a dividend of 0.005 per share by the pipeline company on Thursday, August 14th. This represents a $0.02 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, August 7th.

Martin Midstream Partners Stock Up 2.4%

NASDAQ MMLP traded up $0.07 during trading hours on Thursday, hitting $2.99. The company had a trading volume of 59,084 shares, compared to its average volume of 89,643. Martin Midstream Partners has a fifty-two week low of $2.56 and a fifty-two week high of $4.13. The business has a fifty day simple moving average of $3.05 and a 200-day simple moving average of $3.27. The firm has a market cap of $97.18 million, a P/E ratio of -12.46 and a beta of 0.73.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.14). The business had revenue of $180.68 million during the quarter, compared to analysts' expectations of $199.39 million. Equities analysts forecast that Martin Midstream Partners will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Martin Midstream Partners to a "hold" rating in a report on Friday, June 6th.

Martin Midstream Partners Company Profile

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.

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