Benzinga | Feb 5, 2021 10:14AM EST

Analyzing Navios Maritime Partners's Ex-Dividend Date

On January 28, 2021, Navios Maritime Partners (NYSE:NMM) declared a dividend payable on February 12, 2021 to its shareholders. Navios Maritime Partners also announced that shareholders on the company's books on or before February 9, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Navios Maritime Partners has an ex-dividend date set for for February 8, 2021. The company's current dividend payout is $0.05, which equates to a dividend yield of 1.56% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Navios Maritime Partners's Dividend Performance

Over the past year, Navios Maritime Partners has experienced an overall downward trend regarding its dividend payouts and yields. Last year on February 10, 2020 the company's payout was $0.3, which has since decreased by $0.25. Similarly, Navios Maritime Partners's dividend yield last year was 7.43%, which has since declined by 5.87%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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