Martin Midstream Partners L.P. (NASDAQ:MMLP) Declares $0.01 Quarterly Dividend

Martin Midstream Partners L.P. (NASDAQ:MMLP) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, February 6th will be paid a dividend of 0.005 per share by the pipeline company on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 6th.

Martin Midstream Partners has decreased its dividend payment by an average of 0.6%annually over the last three years.

Martin Midstream Partners Trading Up 0.9%

NASDAQ MMLP opened at $2.76 on Friday. The firm has a market capitalization of $107.61 million, a P/E ratio of -5.30 and a beta of 0.58. The firm’s fifty day moving average price is $2.67 and its two-hundred day moving average price is $2.90. Martin Midstream Partners has a 1 year low of $2.21 and a 1 year high of $3.90.

About Martin Midstream Partners

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.