Navios Maritime Partners's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Navios Maritime Partners (NYSE:NMM) has announced a quarterly dividend of 5 cents per share. The ex-dividend date is Monday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own NMM as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 11, 2023.
August 04, 2023 | 11:31 am
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Navios Maritime Partners has announced a dividend payout, which may cause the stock to trade lower on the ex-dividend date.
Dividend payouts often lead to a decrease in the stock price equivalent to the amount of the dividend on the ex-dividend date. As Navios Maritime Partners has announced a 5 cents per share dividend, it is likely that the stock will trade lower on the ex-dividend date.
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