This morning, Martin Midstream Partners (MMLP) declared its quarterly distribution of 78.5 cents, an increase of about 0.3% over its prior distribution. Based on the current stock price, investors can expect a yield of about a yield of about 7.3% going forward. Shares of Martin Midstream Partners were relatively flat this morning, trading just above $43 per share.
In other dividend news, Navios Maritime Partners (NMM) maintained its quarterly distribution of 44.25 cents per share. And Arkansas Best (ABFS) maintained its quarterly dividend of 3 cents per share.
Among dividend invcreases, City National (CYN) announced its quarterly dividend of 33 cents per share, an increase of about 32% over its prior dividend. And Crestwood Midstream (CMLP) announced its quarterly distribution of 41 cents per share, an increase of about 1%.
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