Martin Midstream Partners L.P. (NASDAQ:MMLP) Stock to Pay Quarterly Dividend of $0.01

Martin Midstream Partners L.P. (NASDAQ:MMLP) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 6th will be paid a dividend of $0.0050 per share by the pipeline company on Friday, November 13th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 6th.

Martin Midstream Partners has decreased its dividend by an average of 0.3% per year over the last three years.

Martin Midstream Partners Price Performance

Shares of NASDAQ:MMLP traded up $0.10 during midday trading on Thursday, hitting $2.22. The company had a trading volume of 9,293 shares, compared to its average volume of 21,241. The business’s 50-day simple moving average is $2.19 and its 200-day simple moving average is $2.39. Martin Midstream Partners has a twelve month low of $1.76 and a twelve month high of $3.24. The stock has a market cap of $86.70 million, a price-to-earnings ratio of -5.83 and a beta of 0.51.

Martin Midstream Partners (NASDAQ:MMLP) last posted its quarterly earnings results on Wednesday, October 21st. The pipeline company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). The firm had revenue of $231.73 million during the quarter, compared to analysts’ expectations of $207.80 million.

Martin Midstream Partners Company Profile

Martin Midstream Partners, L.P. was a publicly traded master limited partnership focused on the gathering, processing, storage, transportation and marketing of petroleum products and related materials. The partnership operated assets serving energy producers, refiners, chemical manufacturers and other industrial customers.

Its business activities included terminal and storage services, marine and inland transportation, natural gas liquids operations, sulfur services and specialty products.