Navios Maritime Partners LP to Issue Quarterly Dividend of $0.05 (NYSE:NMM)

Key Points

• Navios Maritime Partners LP declared a quarterly dividend of $0.05 per share, representing an annualized dividend of $0.20 with a yield of 0.47%. The ex-dividend date is set for August 11th.
• The company has a dividend payout ratio of 1.5%, indicating the dividend is well-covered by earnings, and anticipated earnings of $15.55 per share for next year suggest continued dividend security.
• Navios reported a net margin of 25.44% for the last quarter, with revenue of $274.10 million, which is down 4.6% year-over-year, while earnings missed analysts' expectations.

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) declared a quarterly dividend on Friday, July 25th, Wall Street Journal reports. Stockholders of record on Monday, August 11th will be paid a dividend of 0.05 per share by the shipping company on Thursday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, August 11th.

Navios Maritime Partners has a payout ratio of 1.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Navios Maritime Partners to earn $15.55 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 1.3%.

Navios Maritime Partners Price Performance

Shares of NMM traded down $0.39 during midday trading on Tuesday, hitting $42.50. The company's stock had a trading volume of 68,116 shares, compared to its average volume of 79,539. Navios Maritime Partners has a one year low of $28.37 and a one year high of $65.89. The company's fifty day simple moving average is $39.54 and its two-hundred day simple moving average is $39.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 3.87 and a beta of 1.34.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The shipping company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.04). Navios Maritime Partners had a net margin of 25.44% and a return on equity of 10.41%. The firm had revenue of $274.10 million for the quarter, compared to analyst estimates of $254.00 million. During the same period last year, the business earned $2.32 EPS. The company's revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts expect that Navios Maritime Partners will post 12.64 earnings per share for the current fiscal year.

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.