Patria Investments Limited (NYSE:PAX) Declares 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. Shareholders 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 5.29%. 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 payout ratio of 46.2% indicating that its dividend is sufficiently covered by earnings. 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 3.1 %

Shares of PAX traded up $0.34 during trading hours on Thursday, hitting $11.34. 113,573 shares of the stock traded hands, compared to its average volume of 570,751. Patria Investments has a 1-year low of $9.43 and a 1-year high of $13.42. The business has a fifty day moving average of $10.78 and a 200-day moving average of $11.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $677.76 million, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.28 and a beta of 0.57.

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.