Martin Midstream Partners L.P. (MMLP) to Issue Quarterly Dividend of $0.01 on February 13th

Martin Midstream Partners L.P. (NASDAQ:MMLP) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, February 6th will be paid a dividend of 0.005 per share by the pipeline company on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, February 6th.

Martin Midstream Partners has decreased its dividend payment by an average of 0.6%annually over the last three years.

Martin Midstream Partners Price Performance

Shares of NASDAQ MMLP opened at $2.76 on Wednesday. The firm has a market capitalization of $107.81 million, a PE ratio of -5.31 and a beta of 0.62. Martin Midstream Partners has a 1-year low of $2.21 and a 1-year high of $3.90. The business’s fifty day moving average price is $2.70 and its two-hundred day moving average price is $2.89.

Hedge Funds Weigh In On Martin Midstream Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MMLP. Lee Financial Co bought a new stake in shares of Martin Midstream Partners in the 3rd quarter worth $830,000. Nomura Holdings Inc. lifted its holdings in Martin Midstream Partners by 12.3% in the 2nd quarter. Nomura Holdings Inc. now owns 3,837,328 shares of the pipeline company’s stock valued at $11,320,000 after acquiring an additional 420,000 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Martin Midstream Partners during the 2nd quarter valued at about $99,000. Levin Capital Strategies L.P. acquired a new position in shares of Martin Midstream Partners in the 2nd quarter worth approximately $162,000. Finally, Confluence Wealth Services Inc. acquired a new position in shares of Martin Midstream Partners in the 2nd quarter worth approximately $138,000. 34.90% of the stock is owned by institutional investors.

About Martin Midstream Partners

Martin Midstream Partners L.P. is a publicly traded midstream energy partnership that provides storage, transportation and distribution services for petroleum and chemical products. The company’s operations encompass bulk liquid terminals, marine transportation services and handling facilities designed to support a variety of feedstocks and refined products. Through its network of terminals and pipelines, Martin Midstream serves refineries, petrochemical plants and other industrial customers, offering solutions that help optimize logistics and maintain supply chain reliability.

With core assets located along the U.S.