Patria Investments Limited (NYSE:PAX) Plans $0.15 Quarterly Dividend

Key Points

• Patria Investments Limited declared a quarterly dividend of $0.15 per share, scheduled to be paid on September 15th to investors of record as of August 15th.
• The company has a dividend payout ratio of 46.2%, indicating that its dividend is well-covered by earnings, with an expected future payout ratio of 37.7% based on projected earnings of $1.59 per share next year.
• Patria Investments' stock is currently trading at $13.80, reflecting a market capitalization of $836.85 million and a P/E ratio of 27.60, with a 12-month stock price range between $9.43 and $14.52.

Patria Investments Limited (NYSE:PAX - Get Free Report) announced a quarterly dividend on Thursday, July 24th, Wall Street Journal reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.15 per share on Monday, September 15th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, August 15th.

Patria Investments has a dividend payout ratio of 46.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Patria Investments to earn $1.59 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 37.7%.

Patria Investments Stock Performance

Shares of NYSE:PAX traded down $0.06 on Wednesday, reaching $13.79. 185,169 shares of the company's stock were exchanged, compared to its average volume of 572,351. Patria Investments has a twelve month low of $9.43 and a twelve month high of $14.52. The company has a fifty day moving average of $13.69 and a 200-day moving average of $12.22. The company has a market capitalization of $835.94 million, a price-to-earnings ratio of 27.57, a PEG ratio of 1.28 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

About Patria Investments

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.