Martin Midstream Partners L.P. (NASDAQ:MMLP – Get Free Report) declared a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors of record on Friday, February 7th will be paid a dividend of 0.005 per share by the pipeline company on Friday, February 14th. This represents a $0.02 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, February 7th.
Martin Midstream Partners Trading Down 4.1 %
Shares of NASDAQ MMLP opened at $3.49 on Thursday. The company has a 50 day simple moving average of $3.79 and a two-hundred day simple moving average of $3.76. The stock has a market cap of $136.11 million, a price-to-earnings ratio of 34.90 and a beta of 2.12. Martin Midstream Partners has a 12 month low of $2.04 and a 12 month high of $4.13.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Martin Midstream Partners in a research report on Sunday. They set a “buy” rating for the company.
About Martin Midstream Partners
Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.
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