Martin Midstream Partners L.P. (NASDAQ:MMLP) Declares Quarterly Dividend of $0.01

Martin Midstream Partners L.P. (NASDAQ:MMLP) declared a quarterly dividend on Wednesday, January 22nd,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 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, February 7th.

Martin Midstream Partners Stock Down 4.1 %

Shares of MMLP traded down $0.15 during mid-day trading on Wednesday, reaching $3.49. The company’s stock had a trading volume of 71,927 shares, compared to its average volume of 131,208. Martin Midstream Partners has a 1 year low of $2.04 and a 1 year high of $4.13. The company has a market cap of $136.11 million, a price-to-earnings ratio of 34.90 and a beta of 2.12. The business has a fifty day moving average of $3.80 and a 200 day moving average of $3.76.

Analysts Set New Price Targets

Separately, StockNews.com initiated 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.