Navios Maritime Partners L.P. Announces Quarterly Dividend of $0.44 (NMM)
Navios Maritime Partners L.P. (NYSE:NMM) announced a quarterly dividend on Friday, October 25th, American Banking News reports. Investors of record on Friday, November 8th will be paid a dividend of $0.4425 per share on Wednesday, November 13th. This represents a $1.77 annualized dividend and a dividend yield of 11.78%.
On a related note, analysts at Zacks upgraded shares of Navios Maritime Partners L.P. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $16.40 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Navios Maritime Partners L.P. has an average rating of “Buy” and an average price target of $15.58.
Navios Maritime Partners L.P. (NYSE:NMM) opened at 15.03 on Friday. Navios Maritime Partners L.P. has a 52 week low of $12.01 and a 52 week high of $15.90. The stock’s 50-day moving average is $14.52 and its 200-day moving average is $14.44. The company has a market cap of $1.001 billion and a P/E ratio of 10.21.
Navios Maritime Partners L.P. (NYSE:NMM) is an international owner and operator of drybulk carriers formed by Navios Maritime Holdings Inc (Navios Holdings), a vertically integrated seaborne shipping company.
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