Patria Investments Limited (PAX) to Distribute Quarterly Dividend of $0.16 on December 11th

Patria Investments Limited (NYSE:PAX) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Friday, November 13th will be given a dividend of $0.1625 per share on Friday, December 11th. This represents a $0.65 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Friday, November 13th.

Patria Investments has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Patria Investments to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 40.9%.

Patria Investments Trading Down 2.2%

PAX opened at $9.48 on Wednesday. Patria Investments has a fifty-two week low of $9.03 and a fifty-two week high of $17.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $630.64 million, a price-to-earnings ratio of 18.96, a PEG ratio of 1.28 and a beta of 0.81. The company’s 50 day moving average price is $10.59 and its two-hundred day moving average price is $11.71.

About Patria Investments

Patria Investments is an alternative asset manager focused on private markets, with roots in Latin America. Founded in 1988, the firm has expanded its investment platform and serves institutional and other investors in the region and internationally. Its investment strategies include private equity, infrastructure, private credit, real estate and public equities. Patria also provides investment solutions designed to give clients access to these markets. Alexandre Saigh, a co-founder of the firm, serves as its chief executive officer.