Navios Maritime Partners LP (NMM) To Go Ex-Dividend on February 9th

Navios Maritime Partners LP (NYSE:NMM) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Monday, February 9th will be paid a dividend of 0.05 per share by the shipping company on Thursday, February 12th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, February 9th.

Navios Maritime Partners has decreased its dividend payment by an average of 0.3%per year over the last three years. Navios Maritime Partners has a dividend payout ratio of 1.5% meaning 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

Navios Maritime Partners stock opened at $60.00 on Friday. The stock has a 50-day moving average price of $54.16 and a two-hundred day moving average price of $48.96. Navios Maritime Partners has a 12 month low of $28.37 and a 12 month high of $60.64. The company has a market capitalization of $1.78 billion, a PE ratio of 6.87 and a beta of 1.34. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.61.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings data on Tuesday, November 18th. The shipping company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.28. Navios Maritime Partners had a return on equity of 8.69% and a net margin of 20.04%.The company had revenue of $346.92 million during the quarter, compared to the consensus estimate of $334.64 million. During the same quarter in the prior year, the firm posted $3.15 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. Analysts expect that Navios Maritime Partners will post 12.64 EPS for the current year.

Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. (NYSE: NMM) is a dry bulk shipping company that owns and operates a fleet of Capesize, Panamax and Supramax vessels. The partnership charters its vessels under medium- and long-term contracts to a diverse group of charterers, providing seaborne transportation for major bulk cargoes such as iron ore, coal, grain and fertilizers. Through this asset-light model, Navios Maritime Partners seeks to generate stable cash flows while retaining flexibility to capitalize on market opportunities.

Formed in November 2007 and sponsored by Navios Maritime Holdings Inc, the partnership leverages the operating platform and commercial management capabilities of the Navios group.