Patria Investments Limited (NYSE:PAX) Announces Quarterly Dividend of $0.15

Patria Investments Limited (NYSE:PAX) declared a quarterly dividend on Wednesday, November 6th, Wall Street Journal reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.15 per share on Monday, December 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Monday, November 18th.

Patria Investments has a payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Patria Investments to earn $1.46 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 41.1%.

Patria Investments Trading Up 4.1 %

Shares of NYSE:PAX traded up $0.48 during trading on Wednesday, reaching $12.33. 1,037,513 shares of the company traded hands, compared to its average volume of 455,831. The firm has a market capitalization of $736.96 million, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.50 and a beta of 0.57. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $11.32 and its 200-day moving average is $12.14. Patria Investments has a 52-week low of $10.63 and a 52-week high of $16.16.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their target price on Patria Investments from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd.

About Patria Investments

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.