Navios Maritime Holdings (NM) Announces Quarterly Dividend of $0.06
Navios Maritime Holdings (NYSE:NM) announced a quarterly dividend on Wednesday, February 20th. Shareholders of record on Wednesday, March 20th will be paid a dividend of $0.06 per share on Wednesday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Monday, March 18th.
Shares of Navios Maritime Holdings (NM) traded down 0.77% during mid-day trading on Wednesday, hitting $3.89. Navios Maritime Holdings (NM) has a 52 week low of $3.08 and a 52 week high of $4.49. The stock’s 50-day moving average is currently $3.74. The company has a market cap of $393.7 million and a P/E ratio of 13.95.
Navios Maritime Holdings last posted its quarterly earnings results on Tuesday, February 19th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $1.41. The company had revenue of $128.46 million for the quarter, compared to the consensus estimate of $123.13 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 23.7% on a year-over-year basis. Analysts expect that Navios Maritime Holdings (NM) will post $-0.28 EPS for the current fiscal year.
Navios Maritime Holdings Inc. (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain.
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