Martin Midstream Partners L.P. (MMLP) to Issue Quarterly Dividend of $0.01 on November 13th

Martin Midstream Partners L.P. (NASDAQ:MMLP) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 6th will be given a dividend of $0.0050 per share by the pipeline company on Friday, November 13th. This represents a $0.02 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, November 6th.

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

Martin Midstream Partners Price Performance

Shares of MMLP stock opened at $1.92 on Wednesday. Martin Midstream Partners has a 1-year low of $1.76 and a 1-year high of $3.24. The firm has a fifty day moving average of $2.13 and a two-hundred day moving average of $2.48.

Martin Midstream Partners (NASDAQ:MMLP) last issued its quarterly earnings results on Wednesday, October 21st. The pipeline company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The company had revenue of $231.73 million for the quarter, compared to the consensus estimate of $207.80 million.

About Martin Midstream Partners

Martin Midstream Partners L.P. was a publicly traded master limited partnership that owned and operated midstream energy assets and provided related services in the United States. The partnership was sponsored by Martin Resource Management Corporation, an energy services company with operations focused primarily on the Gulf Coast and other major energy-producing regions.

Its business activities included the transportation, storage and terminalling of natural gas liquids, crude oil, refined products and other hydrocarbon-based materials.