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

NEW YORK ( TheStreet) -- The ex-dividend date for Navios Maritime Holdings (NYSE: NM) is tomorrow, March 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $4.29 as of 9:30 a.m. ET, the dividend yield is 5.7%.

The average volume for Navios Maritime has been 410,100 shares per day over the past 30 days. Navios Maritime has a market cap of $369.1 million and is part of the services sector and transportation industry. Shares are up 21.8% year to date as of the close of trading on Friday.

Navios Maritime Holdings Inc. operates as a seaborne shipping and logistics company in Greece. It focuses on the transportation and transshipment of dry bulk commodities, including iron ore, coal, fertilizers, and grains. The company has a P/E ratio of 11.4, above the average transportation industry P/E ratio of 5.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Navios Maritime as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Navios Maritime Ratings Report.

See our dividend calendar or top-yielding stocks list.
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