Navios Maritime Holdings Inc. (NM) Announces Quarterly Dividend of $0.06
Navios Maritime Holdings (NYSE:NM) declared a quarterly dividend on Thursday, August 21st, AR Network reports. Shareholders of record on Thursday, September 18th will be given a dividend of 0.06 per share on Friday, September 26th. This represents a $0.24 dividend on an annualized basis and a yield of 2.62%.
NM has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Navios Maritime Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $9.70 price target on the stock. On a related note, analysts at Canaccord Genuity initiated coverage on shares of Navios Maritime Holdings in a research note on Tuesday, June 10th. They set a “buy” rating and a $14.00 price target on the stock. Finally, analysts at MLV & Co
initiated coverage on shares of Navios Maritime Holdings in a research note on Wednesday, May 28th. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Navios Maritime Holdings has a consensus rating of “Buy” and a consensus price target of $11.30.
Shares of Navios Maritime Holdings (NYSE:NM) opened at 9.17 on Thursday. Navios Maritime Holdings has a 52 week low of $6.06 and a 52 week high of $12.12. The stock has a 50-day moving average of $8.55 and a 200-day moving average of $9.14. The company’s market cap is $939.8 million.
Navios Maritime Holdings Inc (NYSE:NM) is a global, vertically integrated seaborne shipping and logistics company which operates numerous businesses focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.
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