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

Martin Midstream Partners L.P. (NASDAQ:MMLP) declared 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 is Friday, November 6th.

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

Martin Midstream Partners Price Performance

Shares of NASDAQ MMLP traded up $0.10 on Thursday, hitting $2.22. The company’s stock had a trading volume of 9,293 shares, compared to its average volume of 21,241. The stock has a 50 day moving average of $2.19 and a 200-day moving average of $2.39. The company has a market capitalization of $86.70 million, a price-to-earnings ratio of -5.83 and a beta of 0.51. Martin Midstream Partners has a 12-month low of $1.76 and a 12-month high of $3.24.

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

About Martin Midstream Partners

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.