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

Martin Midstream Partners L.P. (NASDAQ:MMLP) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.005 per share by the pipeline company on Friday, February 14th. This represents a $0.02 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, February 7th.

Martin Midstream Partners Stock Up 2.3 %

Shares of NASDAQ MMLP traded up $0.08 during midday trading on Thursday, hitting $3.57. The company had a trading volume of 91,836 shares, compared to its average volume of 129,395. The firm has a market capitalization of $139.23 million, a price-to-earnings ratio of 35.70 and a beta of 2.12. Martin Midstream Partners has a twelve month low of $2.04 and a twelve month high of $4.13. The business has a 50-day simple moving average of $3.79 and a two-hundred day simple moving average of $3.76.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Martin Midstream Partners in a research note on Sunday. They set a “buy” rating on the stock.

About Martin Midstream Partners

Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.