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

Key Points

• Martin Midstream Partners L.P. has declared a quarterly dividend of $0.01 per share, with the ex-dividend date set for November 7th and payment scheduled for November 14th.
• The company's recent earnings report showed a loss of ($0.21) per share, missing analyst expectations of ($0.02), and revenue of $168.72 million against forecasts of $192.59 million.
• Martin Midstream Partners currently has a market capitalization of $120.70 million, with shares trading at around $3.09 and a 52-week range of $2.56 to $4.02.

Martin Midstream Partners L.P. (NASDAQ:MMLP - Get Free Report) declared a quarterly dividend on Wednesday, October 15th. Shareholders of record on Friday, November 7th will be given a dividend of 0.005 per share by the pipeline company on Friday, November 14th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, November 7th.

Martin Midstream Partners Stock Performance

Shares of MMLP stock opened at $3.09 on Thursday. Martin Midstream Partners has a 52 week low of $2.56 and a 52 week high of $4.02. The stock has a market capitalization of $120.70 million, a PE ratio of -7.92 and a beta of 0.55. The stock's fifty day moving average is $3.23 and its 200-day moving average is $3.07.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The pipeline company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.19). The company had revenue of $168.72 million during the quarter, compared to analyst estimates of $192.59 million. As a group, analysts forecast that Martin Midstream Partners will post 0.15 earnings per share for the current fiscal year.

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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