Martin Midstream Partners L.P. (MMLP) To Go Ex-Dividend on May 8th

Martin Midstream Partners L.P. (NASDAQ:MMLP) declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Friday, May 8th will be paid a dividend of 0.005 per share by the pipeline company on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 8th.

Martin Midstream Partners has decreased its dividend by an average of 0.3%annually over the last three years.

Martin Midstream Partners Stock Down 8.6%

Shares of MMLP opened at $2.56 on Friday. The stock has a market capitalization of $99.99 million, a P/E ratio of -5.02 and a beta of 0.57. Martin Midstream Partners has a twelve month low of $2.21 and a twelve month high of $3.54. The company has a 50 day moving average of $2.76 and a 200-day moving average of $2.73.

Martin Midstream Partners (NASDAQ:MMLP) last released its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported ($0.17) EPS for the quarter. The firm had revenue of $187.67 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MMLP shares. Weiss Ratings reissued a “sell (d)” rating on shares of Martin Midstream Partners in a report on Thursday, January 22nd. Stifel Nicolaus cut their price objective on Martin Midstream Partners from $4.00 to $3.00 and set a “hold” rating for the company in a report on Thursday, March 12th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $3.00.

Martin Midstream Partners Company Profile

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.