Martin Midstream Partners L.P. (MMLP) To Go Ex-Dividend on February 6th

Martin Midstream Partners L.P. (NASDAQ:MMLP) declared a quarterly dividend on Thursday, January 22nd. Stockholders of record on Friday, February 6th will be paid a dividend of 0.005 per share by the pipeline company on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, February 6th.

Martin Midstream Partners has decreased its dividend by an average of 0.6%annually over the last three years.

Martin Midstream Partners Stock Up 0.7%

Martin Midstream Partners stock opened at $2.92 on Friday. The firm has a market capitalization of $114.06 million, a PE ratio of -5.62 and a beta of 0.58. Martin Midstream Partners has a 52 week low of $2.21 and a 52 week high of $3.90. The firm’s 50-day simple moving average is $2.68 and its 200 day simple moving average is $2.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Martin Midstream Partners in a report on Thursday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Martin Midstream Partners

Martin Midstream Partners L.P. is a publicly traded midstream energy partnership that provides storage, transportation and distribution services for petroleum and chemical products. The company’s operations encompass bulk liquid terminals, marine transportation services and handling facilities designed to support a variety of feedstocks and refined products. Through its network of terminals and pipelines, Martin Midstream serves refineries, petrochemical plants and other industrial customers, offering solutions that help optimize logistics and maintain supply chain reliability.

With core assets located along the U.S.