Martin Midstream Partners L.P. (MMLP) To Go Ex-Dividend on February 7th

Martin Midstream Partners L.P. (NASDAQ:MMLP) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Friday, February 7th will be paid 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 0.56%. The ex-dividend date of this dividend is Friday, February 7th.

Martin Midstream Partners Stock Performance

Shares of NASDAQ:MMLP traded up $0.08 during trading hours on Thursday, reaching $3.57. The stock had a trading volume of 91,836 shares, compared to its average volume of 129,395. Martin Midstream Partners has a 1 year low of $2.04 and a 1 year high of $4.13. The firm’s 50 day moving average is $3.79 and its 200-day moving average is $3.76. The stock has a market capitalization of $139.23 million, a price-to-earnings ratio of 35.70 and a beta of 2.12.

Analyst Upgrades and Downgrades

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

Martin Midstream Partners Company Profile

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.