Patria Investments Limited (NYSE:PAX) Plans Quarterly Dividend of $0.15

Patria Investments Limited (NYSE:PAX) announced a quarterly dividend on Friday, April 25th, Wall Street Journal reports. Stockholders of record on Wednesday, May 14th will be given a dividend of 0.15 per share on Thursday, June 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Wednesday, May 14th.

Patria Investments has raised its dividend payment by an average of 7.2% per year over the last three years. Patria Investments has a payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Equities 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 $0.60 annual dividend with an expected future payout ratio of 37.7%.

Patria Investments Stock Up 2.4%

NYSE PAX opened at $11.74 on Monday. Patria Investments has a fifty-two week low of $9.43 and a fifty-two week high of $13.42. 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 business has a fifty day moving average price of $10.81 and a two-hundred day moving average price of $11.52. The stock has a market capitalization of $701.66 million, a PE ratio of 23.48, a PEG ratio of 1.28 and a beta of 0.57.

Patria Investments Company Profile

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.