Investors eagerly anticipate the dividend payout from Navios Maritime Partners NMM on August 11, 2023. With a payout of $0.05 per share and an annualized dividend yield of 0.87%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on August 07, 2023
Navios Maritime Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-07 | 4 | $0.05 | 0.87% | 2023-07-26 | 2023-08-08 | 2023-08-11 |
| 2023-05-08 | 4 | $0.05 | 0.86% | 2023-04-28 | 2023-05-09 | 2023-05-12 |
| 2023-02-09 | 4 | $0.05 | 0.75% | 2023-01-27 | 2023-02-10 | 2023-02-14 |
| 2022-11-07 | 4 | $0.05 | 0.74% | 2022-10-26 | 2022-11-08 | 2022-11-10 |
| 2022-08-08 | 4 | $0.05 | 0.8% | 2022-07-28 | 2022-08-09 | 2022-08-12 |
| 2022-05-06 | 4 | $0.05 | 0.66% | 2022-04-28 | 2022-05-09 | 2022-05-12 |
| 2022-02-08 | 4 | $0.05 | 0.74% | 2022-01-28 | 2022-02-09 | 2022-02-11 |
| 2021-11-05 | 4 | $0.05 | 0.67% | 2021-10-29 | 2021-11-08 | 2021-11-12 |
| 2021-08-06 | 4 | $0.05 | 0.84% | 2021-07-27 | 2021-08-09 | 2021-08-12 |
| 2021-05-10 | 4 | $0.05 | 0.6% | 2021-04-29 | 2021-05-11 | 2021-05-14 |
| 2021-02-08 | 4 | $0.05 | 1.56% | 2021-01-28 | 2021-02-09 | 2021-02-12 |
| 2020-11-06 | 4 | $0.05 | 3.42% | 2020-10-30 | 2020-11-09 | 2020-11-13 |
In terms of dividend yield, Navios Maritime Partners finds itself in the middle ground among its industry peers, while Diana Shipping DSX takes the lead with the highest annualized dividend yield at 19.18%.
Analyzing Navios Maritime Partners Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed a decline in the company's dividend per share from $1.20 in 2019 to $0.20 in 2022. This downward trend in dividend payouts necessitates a comprehensive investigation to identify the reasons behind the decrease.
YoY Earnings Growth For Navios Maritime Partners
Investors can observe a growth in earnings for Navios Maritime Partners from 2019 to 2022, as earnings per share increased from $1.84 to $14.32. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of Navios Maritime Partners and its implications for shareholders. Presently, the company is distributing a dividend of $0.05 per share, leading to an annualized dividend yield of 0.87%.
In terms of dividend yield, Navios Maritime Partners finds itself in the middle ground among its industry peers, while Diana Shipping takes the lead with the highest annualized dividend yield at 19.18%.
Given that Navios Maritime Partners has experienced a decrease in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could indicate that the company is focusing on reinvesting profits into business growth rather than prioritizing dividend distributions.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
