Navios Maritime Stock To Go Ex-dividend Tomorrow (NMM)

NEW YORK ( TheStreet) -- The ex-dividend date for Navios Maritime Partners (NYSE: NMM) is tomorrow, November 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $16.94 as of 9:31 a.m. ET, the dividend yield is 10.8%.

The average volume for Navios Maritime has been 324,600 shares per day over the past 30 days. Navios Maritime has a market cap of $928.7 million and is part of the services sector and transportation industry. Shares are down 13.7% year to date as of the close of trading on Wednesday.

Navios Maritime Partners L.P. owns and operates dry cargo vessels internationally. The company has a P/E ratio of 12, above the average transportation industry P/E ratio of 11.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Navios Maritime as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Navios Maritime Ratings Report.

See our dividend calendar or top-yielding stocks list.

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