Navios Maritime Acquisition Corporation (NYSE:NNA) declared a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Shareholders of record on Thursday, September 7th will be paid a dividend of 0.05 per share by the shipping company on Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 15.87%. The ex-dividend date of this dividend is Wednesday, September 6th.

Navios Maritime Acquisition Corporation has a dividend payout ratio of -2,000.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Navios Maritime Acquisition Corporation to earn $0.09 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 222.2%.

Navios Maritime Acquisition Corporation (NNA) opened at 1.26 on Tuesday. The company’s market cap is $189.51 million. Navios Maritime Acquisition Corporation has a 12 month low of $1.08 and a 12 month high of $2.11. The firm has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.56.

Navios Maritime Acquisition Corporation (NYSE:NNA) last released its earnings results on Thursday, August 10th. The shipping company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.01. Navios Maritime Acquisition Corporation had a positive return on equity of 5.05% and a negative net margin of 12.34%. The business had revenue of $52.87 million for the quarter, compared to the consensus estimate of $53 million. On average, equities analysts expect that Navios Maritime Acquisition Corporation will post ($0.04) earnings per share for the current year.

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Several equities research analysts have weighed in on NNA shares. ValuEngine cut Navios Maritime Acquisition Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. TheStreet cut Navios Maritime Acquisition Corporation from a “c” rating to a “d+” rating in a research note on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and set a $2.25 target price (up from $2.00) on shares of Navios Maritime Acquisition Corporation in a research note on Friday, August 11th. Finally, Citigroup Inc. cut Navios Maritime Acquisition Corporation from a “buy” rating to a “neutral” rating and set a $1.25 target price for the company. in a research note on Friday, August 11th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Navios Maritime Acquisition Corporation has an average rating of “Hold” and an average price target of $1.75.

An institutional investor recently raised its position in Navios Maritime Acquisition Corporation stock. Vanguard Group Inc. raised its stake in shares of Navios Maritime Acquisition Corporation (NYSE:NNA) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 164,307 shares of the shipping company’s stock after purchasing an additional 3,730 shares during the period. Vanguard Group Inc. owned 0.11% of Navios Maritime Acquisition Corporation worth $242,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 19.03% of the company’s stock.

Navios Maritime Acquisition Corporation Company Profile

Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.

Dividend History for Navios Maritime Acquisition Corporation (NYSE:NNA)

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