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.
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