Navios Maritime Acquisition Corporation (NYSE:NNA) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Wednesday, December 6th will be paid a dividend of 0.05 per share by the shipping company on Tuesday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 14.81%. The ex-dividend date is Tuesday, December 5th.

Navios Maritime Acquisition Corporation has a dividend payout ratio of -2,000.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Navios Maritime Acquisition Corporation to earn $0.02 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 1,000.0%.

Shares of Navios Maritime Acquisition Corporation (NYSE:NNA) traded up $0.10 during trading on Friday, hitting $1.35. 987,815 shares of the company traded hands, compared to its average volume of 321,271. The company has a market cap of $202.95 million, a P/E ratio of 19.29 and a beta of 1.60.

Navios Maritime Acquisition Corporation (NYSE:NNA) last announced its quarterly earnings data on Thursday, August 10th. The shipping company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). Navios Maritime Acquisition Corporation had a negative net margin of 19.94% and a positive return on equity of 2.02%. The firm had revenue of $52.87 million for the quarter, compared to analysts’ expectations of $53.00 million. equities research analysts forecast that Navios Maritime Acquisition Corporation will post -0.06 EPS for the current fiscal year.

An institutional investor recently raised its position in Navios Maritime Acquisition Corporation stock. State Street Corp grew its stake in shares of Navios Maritime Acquisition Corporation (NYSE:NNA) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,356,842 shares of the shipping company’s stock after acquiring an additional 81,935 shares during the quarter. State Street Corp owned about 0.90% of Navios Maritime Acquisition Corporation worth $1,992,000 as of its most recent SEC filing. 19.02% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently commented on NNA. Stifel Nicolaus set a $2.00 price objective on shares of Navios Maritime Acquisition Corporation and gave the company a “buy” rating in a research report on Sunday, October 29th. TheStreet downgraded shares of Navios Maritime Acquisition Corporation from a “c” rating to a “d+” rating in a research report on Thursday, August 10th. ValuEngine downgraded shares of Navios Maritime Acquisition Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Navios Maritime Acquisition Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, Citigroup Inc. downgraded shares of Navios Maritime Acquisition Corporation from a “buy” rating to a “neutral” rating and set a $1.25 price objective on the stock. in a research report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.63.

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Navios Maritime Acquisition Corporation Company Profile

Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.

Dividend History for Navios Maritime Acquisition Corporation (NYSE:NNA)

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