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

Patria Investments Limited (NYSE:PAX - Get Free Report) declared a quarterly dividend on Friday, April 25th, Wall Street Journal reports. Investors of record on Wednesday, May 14th will be given a dividend of 0.15 per share on Thursday, June 12th. This represents a $0.60 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Wednesday, May 14th.

Patria Investments has raised its dividend by an average of 7.2% annually over the last three years. Patria Investments has a dividend payout ratio of 46.2% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 2.4 %

PAX stock traded up $0.28 during mid-day trading on Friday, reaching $11.74. The company had a trading volume of 462,962 shares, compared to its average volume of 575,526. The company has a market capitalization of $701.66 million, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.28 and a beta of 0.57. The firm has a 50 day moving average of $10.81 and a 200 day moving average of $11.53. Patria Investments has a 12 month low of $9.43 and a 12 month high of $13.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

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.