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On 5/3/11, Navios Maritime Partners LP (NYSE:NMM) will trade ex-dividend, for its quarterly dividend of $0.43, payable on 5/11/11. As a percentage of NMM's recent stock price of $21.44, this dividend works out to approximately 2.01%, so look for shares of Navios Maritime Partners LP to trade 2.01% lower — all else being equal — when NMM shares open for trading on 5/3/11.
Below is a dividend history chart for NMM, showing historical dividends prior to the most recent $0.43 declared by Navios Maritime Partners LP:
NMM Dividend History
Date
Div*
02/07/11
0.430
11/08/10
0.420
08/05/10
0.420
05/06/10
0.415
02/04/10
0.410
11/05/09
0.405
08/04/09
0.400
04/29/09
0.400
02/05/09
0.400
10/29/08
0.385
08/06/08
0.350
05/01/08
0.350
02/07/08
0.175
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NMM is likely to continue, and whether the current estimated yield of 8.02% on annualized basis is a reasonable expectation of annual yield going forward.
According to the ETF Finder at ETF Channel, NMM makes up 4.59% of the Guggenheim Shipping ETF (AMEX:SEA) which is trading higher by about 0.3% on the day Monday.
NMM operates in the Shipping sector, among companies like Crude Carriers Corp. (CRU) which is down about 0.3% today, and Eagle Bulk Shipping Inc (NASDAQ:EGLE) trading up by about 0.6%. Below is a three month price history chart comparing the stock performance of NMM, versus CRU and EGLE.
In Monday trading, Navios Maritime Partners LP shares are currently up about 0.7% on the day.
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