Navios Maritime Partners LP (NYSE:NMM) Plans Quarterly Dividend of $0.05

Navios Maritime Partners LP (NYSE:NMM) announced a quarterly dividend on Thursday, January 29th. Stockholders 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 dividend yield of 0.3%. The ex-dividend date is Monday, February 9th.

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

Shares of Navios Maritime Partners stock traded up $0.42 during trading on Friday, reaching $60.36. The company’s stock had a trading volume of 52,135 shares, compared to its average volume of 99,952. The stock has a 50-day moving average price of $54.00 and a two-hundred day moving average price of $48.82. The stock has a market capitalization of $1.79 billion, a P/E ratio of 6.90 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 has a one year low of $28.37 and a one year high of $60.64.

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

About Navios Maritime Partners

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.