Martin Midstream Partners L.P. (NASDAQ:MMLP – Get Free Report) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 7th will be paid a dividend of 0.005 per share by the pipeline company on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, August 7th.
Martin Midstream Partners has decreased its dividend payment by an average of 0.3%annually over the last three years.
Martin Midstream Partners Price Performance
Shares of MMLP stock opened at $2.46 on Thursday. The company has a market cap of $96.24 million, a price-to-earnings ratio of -4.82 and a beta of 0.50. Martin Midstream Partners has a 1 year low of $1.89 and a 1 year high of $3.54. The firm has a fifty day moving average price of $2.44 and a 200-day moving average price of $2.64.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Martin Midstream Partners in a research report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Martin Midstream Partners has a consensus rating of “Reduce” and a consensus target price of $3.00.
Get Our Latest Stock Analysis on Martin Midstream Partners
Martin Midstream Partners Company Profile
Martin Midstream Partners L.P. is a publicly traded midstream energy partnership that provides storage, transportation and distribution services for petroleum and chemical products. The company’s operations encompass bulk liquid terminals, marine transportation services and handling facilities designed to support a variety of feedstocks and refined products. Through its network of terminals and pipelines, Martin Midstream serves refineries, petrochemical plants and other industrial customers, offering solutions that help optimize logistics and maintain supply chain reliability.
With core assets located along the U.S.
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