Navios Maritime Midstream Partners LP (NYSE:NAP) announced a quarterly dividend on Wednesday, October 24th, NASDAQ reports. Investors of record on Thursday, November 8th will be given a dividend of 0.125 per share by the shipping company on Wednesday, November 14th. This represents a $0.50 annualized dividend and a yield of 16.56%. The ex-dividend date is Wednesday, November 7th.
Navios Maritime Midstream Partners has a dividend payout ratio of 79.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Navios Maritime Midstream Partners to earn $0.05 per share next year, which means the company may not be able to cover its $0.50 annual dividend with an expected future payout ratio of 1,000.0%.
NAP stock opened at $3.02 on Tuesday. The stock has a market capitalization of $63.48 million, a P/E ratio of 4.13 and a beta of 1.12. Navios Maritime Midstream Partners has a fifty-two week low of $2.23 and a fifty-two week high of $10.40. The company has a debt-to-equity ratio of 0.89, a current ratio of 7.00 and a quick ratio of 7.00.
Several equities research analysts recently weighed in on NAP shares. Zacks Investment Research raised shares of Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine raised shares of Navios Maritime Midstream Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.25.
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About Navios Maritime Midstream Partners
Navios Maritime Midstream Partners L.P. owns, operates, and acquires crude oil tankers, refined petroleum product tankers, chemical tankers, and liquefied petroleum gas tankers. The company provides seaborne shipping services through its vessels under long-term employment contracts to international oil companies, refiners, and large vessel operators.
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