Martin Midstream Partners L.P. to Issue Quarterly Dividend of $0.01 (NASDAQ:MMLP)

Martin Midstream Partners L.P. (NASDAQ:MMLP) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 7th will be given a dividend of 0.005 per share by the pipeline company on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 7th.

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

Martin Midstream Partners Price Performance

NASDAQ:MMLP opened at $2.46 on Thursday. Martin Midstream Partners has a fifty-two week low of $1.89 and a fifty-two week high of $3.54. The stock has a market capitalization of $96.24 million, a PE ratio of -4.82 and a beta of 0.50. The business’s 50-day simple moving average is $2.44 and its 200-day simple moving average is $2.64.

Martin Midstream Partners (NASDAQ:MMLP) last posted its earnings results on Wednesday, July 22nd. The pipeline company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $213.60 million for the quarter.

Hedge Funds Weigh In On Martin Midstream Partners

A number of large investors have recently bought and sold shares of MMLP. Bank of America Corp DE increased its holdings in shares of Martin Midstream Partners by 0.8% during the 1st quarter. Bank of America Corp DE now owns 547,270 shares of the pipeline company’s stock worth $1,510,000 after acquiring an additional 4,547 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Martin Midstream Partners by 7.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 114,935 shares of the pipeline company’s stock valued at $300,000 after purchasing an additional 7,596 shares during the last quarter. Commerce Bank acquired a new position in shares of Martin Midstream Partners in the fourth quarter valued at $28,000. Citadel Advisors LLC bought a new position in shares of Martin Midstream Partners in the third quarter valued at about $41,000. Finally, Jane Street Group LLC raised its position in shares of Martin Midstream Partners by 139.3% in the fourth quarter. Jane Street Group LLC now owns 24,068 shares of the pipeline company’s stock valued at $63,000 after purchasing an additional 14,010 shares during the period. Institutional investors and hedge funds own 34.90% of the company’s stock.

About Martin Midstream Partners

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.