Optimizing Earnings for Investor Benefit: Navios Maritime Partners Adjusts Dividends with Steady Expansion
By the close of today, November 13, 2023, Navios Maritime Partners (NYSE:NMM) will issue a dividend payout of $0.05 per share, resulting in an annualized dividend yield of 0.88%. Only those investors who owned the stock prior to the ex-dividend date on November 06, 2023 will receive this payout.
Navios Maritime Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-06 | 4 | $0.05 | 0.88% | 2023-10-26 | 2023-11-07 | 2023-11-13 |
| 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 |
In terms of dividend yield, Navios Maritime Partners finds itself in the middle ground among its industry peers, while Diana Shipping (NYSE:DSX) takes the lead with the highest annualized dividend yield at 20.42%.
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
The company experienced a decrease in dividend per share from 2019 to 2022, with the dividend per share decreasing from $1.20 to $0.20. This decline in dividends is concerning for investors and demands further analysis to determine the contributing factors.
YoY Earnings Growth For Navios Maritime Partners
From 2019 to 2022, Navios Maritime Partners has demonstrated an upward trend in earnings, with earnings per share rising from $1.84 to $14.32. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
In this article, we delve into Navios Maritime Partners's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.05 per share today, resulting in an annualized dividend yield of 0.88%.
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 20.42%.
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.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Navios Maritime Partners's previous dividends.
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.