Navios Maritime Partners LP (NMM) has been named as a Top 25 dividend stock, according the most recent Dividend Channel ''DividendRank'' report. The report noted that among the coverage universe, NMM shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent NMM share price of $16.62 represents a price-to-book ratio of 1.6 and an annual dividend yield of 10.65% — by comparison, the average company in Dividend Channel's coverage universe yields 3.7% and trades at a price-to-book ratio of 2.1. The report also cited the strong quarterly dividend history at Navios Maritime Partners LP, and favorable long-term multi-year growth rates in key fundamental data points.
Navios Maritime Partners Named Top 25 Dividend Stock With 10.65% Yield (NMM)
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts