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

Navios Maritime Partners LP (NYSE:NMM) announced a quarterly dividend on Tuesday, October 27th. Investors of record on Monday, November 9th will be given a dividend of $0.06 per share by the shipping company on Thursday, November 12th. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, November 9th.

Navios Maritime Partners has decreased its dividend by an average of 0.2% annually over the last three years. Navios Maritime Partners has a dividend payout ratio of 1.8% meaning its dividend is sufficiently covered by earnings.

Navios Maritime Partners Stock Up 1.7%

NYSE:NMM opened at $85.52 on Friday. The stock has a 50-day moving average price of $90.25 and a two-hundred day moving average price of $75.89. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 6.10 and a beta of 1.14. Navios Maritime Partners has a 1 year low of $48.10 and a 1 year high of $97.00.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings data on Wednesday, November 4th. The shipping company reported $5.66 earnings per share for the quarter, topping the consensus estimate of $4.61 by $1.05. Navios Maritime Partners had a return on equity of 12.24% and a net margin of 30.27%. The firm had revenue of $431.96 million during the quarter, compared to analyst estimates of $380.05 million. During the same period last year, the company posted $2.83 EPS. The business’s quarterly revenue was up 24.5% on a year-over-year basis.

Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. (NYSE:NMM) is a publicly traded maritime transportation company that owns and operates vessels serving international trade routes. Its fleet is focused primarily on dry bulk carriers and containerships, with additional exposure to tanker shipping through vessels that transport liquid cargoes.

The company’s vessels transport commodities and manufactured goods for customers worldwide. Dry bulk ships carry cargoes such as iron ore, grain and coal, while containerships transport consumer products, industrial goods and other containerized freight.