Patria Investments Limited (NYSE:PAX) Announces Quarterly Dividend of $0.15

Patria Investments Limited (NYSE:PAX) announced a quarterly dividend on Monday, July 22nd, Wall Street Journal reports. Investors of record on Monday, August 19th will be given a dividend of 0.15 per share on Monday, September 9th. This represents a $0.60 annualized dividend and a yield of 5.04%. The ex-dividend date is Monday, August 19th.

Patria Investments has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Patria Investments to earn $1.48 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 40.5%.

Patria Investments Stock Down 0.9 %

PAX stock opened at $11.90 on Friday. Patria Investments has a twelve month low of $10.87 and a twelve month high of $16.16. The company has a market cap of $700.47 million, a price-to-earnings ratio of 15.26, a P/E/G ratio of 1.21 and a beta of 0.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $12.32 and a two-hundred day moving average price of $13.42.

Patria Investments (NYSE:PAX) last released its earnings results on Thursday, August 1st. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Patria Investments had a net margin of 26.01% and a return on equity of 34.20%. The business had revenue of $75.00 million during the quarter, compared to analysts’ expectations of $69.99 million. During the same period last year, the business earned $0.30 earnings per share. Analysts anticipate that Patria Investments will post 1.2 EPS for the current fiscal year.

Patria Investments Company Profile

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.