Patria Investments Limited (PAX) To Go Ex-Dividend on November 13th

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

Patria Investments has a dividend payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Research 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%

Shares of Patria Investments stock opened at $9.48 on Wednesday. The firm has a market capitalization of $630.64 million, a PE ratio of 18.96, a P/E/G ratio of 1.28 and a beta of 0.81. Patria Investments has a twelve month low of $9.03 and a twelve month high of $17.80. The firm’s 50-day moving average price is $10.59 and its 200 day moving average price is $11.71. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Company Profile

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.