Patria Investments Limited (NYSE:PAX – Get Free Report) 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 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.
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