NEW YORK ( TheStreet) -- The ex-dividend date for Navios Maritime Partners L.P (NYSE: NMM) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $15.69 as of 9:30 a.m. ET, the dividend yield is 11.2%. The average volume for Navios Maritime Partners L.P has been 261,800 shares per day over the past 30 days. Navios Maritime Partners L.P has a market cap of $855.8 million and is part of the services sector and transportation industry. Shares are up 6.6% year to date as of the close of trading on Friday. Navios Maritime Partners L.P. engages in the ownership and operation of dry cargo vessels primarily in Europe, Asia, North America, and Australia. The company has a P/E ratio of 12.3, above the average transportation industry P/E ratio of 7.8 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Navios Maritime Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Navios Maritime Partners L.P Ratings Report. See our dividend calendar or top-yielding stocks list.