Navios to Pay Next Distribution in August

As far as unitholder payouts are concerned, the seas for Navios Maritime Partners are calm and smooth. The company has declared its latest quarterly distribution, which is to be $0.4425 per unit paid on Aug. 13 to holders of record as of Aug. 8. That amount matches each of Navios' previous four disbursements, the most recent of which was paid in mid-May. Previous to that, the company handed out a quarter-cent less, at $0.44 per share.

Since it first starting paying a distribution in May 2008, the partnership has gradually raised it from $0.35 per share to the current level.

The just-declared distribution annualizes to $1.77 per share. That yields 11.8% at Navios' most recent closing unit price of $14.98.

The article Navios to Pay Next Distribution in August originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Navios Maritime Partners. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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