Martin Midstream Partners L.P. (NASDAQ:MMLP - Get Free Report) declared a quarterly dividend on Wednesday, July 16th, Wall Street Journal reports. Stockholders of record on Thursday, August 7th will be given a dividend of 0.005 per share by the pipeline company on Thursday, August 14th. This represents a $0.02 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, August 7th.
Martin Midstream Partners Stock Up 1.5%
Shares of Martin Midstream Partners stock traded up $0.05 during trading on Monday, reaching $2.96. 5,736 shares of the stock were exchanged, compared to its average volume of 88,366. Martin Midstream Partners has a 1 year low of $2.56 and a 1 year high of $4.13. The stock's fifty day moving average is $3.04 and its 200 day moving average is $3.25. The firm has a market cap of $96.04 million, a price-to-earnings ratio of -7.58 and a beta of 0.73.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.14). The company had revenue of $180.68 million for the quarter, compared to the consensus estimate of $199.39 million. Equities analysts forecast that Martin Midstream Partners will post 0.15 earnings per share for the current year.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Martin Midstream Partners to a "hold" rating in a research note on Friday, June 6th.
Read Our Latest Analysis on MMLP
About Martin Midstream Partners
(
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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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