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 given a dividend of 0.005 per share by the pipeline company on Friday, February 14th. This represents a $0.02 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, February 7th.
Martin Midstream Partners Stock Performance
MMLP stock opened at $3.49 on Thursday. Martin Midstream Partners has a one year low of $2.04 and a one year high of $4.13. The firm’s fifty day moving average is $3.79 and its 200 day moving average is $3.76. The firm has a market cap of $136.11 million, a PE ratio of 34.90 and a beta of 2.12.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on Martin Midstream Partners in a research report on Sunday. They set a “buy” rating on the stock.
Martin Midstream Partners Company Profile
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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