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

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. Investors of record on Friday, August 15th will be given 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 payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 0.2%

Shares of PAX traded down $0.03 during mid-day trading on Friday, reaching $13.75. The company had a trading volume of 50,516 shares, compared to its average volume of 568,363. Patria Investments has a 52 week low of $9.43 and a 52 week high of $14.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $833.81 million, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. The firm has a 50-day moving average price of $13.72 and a 200 day moving average price of $12.24.

Patria Investments Company Profile

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.