Patria Investments Limited (NYSE:PAX – Get Free Report) announced a quarterly dividend on Wednesday, February 5th, Wall Street Journal reports. Shareholders of record on Tuesday, February 25th will be given a dividend of 0.15 per share on Monday, March 17th. This represents a $0.60 annualized dividend and a yield of 5.01%. The ex-dividend date is Tuesday, February 25th.
Patria Investments has increased its dividend by an average of 7.2% per year over the last three years. Patria Investments has a payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Patria Investments to earn $1.59 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 37.7%.
Patria Investments Stock Performance
NYSE PAX opened at $11.97 on Friday. Patria Investments has a 1 year low of $10.63 and a 1 year high of $15.46. The firm has a market capitalization of $715.45 million, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 1.28 and a beta of 0.58. The firm’s fifty day moving average price is $11.81 and its two-hundred day moving average price is $11.72. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.
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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