Navios Maritime Partners declared a quarterly cash distribution of $0.05 per unit for December 2024, payable February 2025.
Quiver AI Summary
Navios Maritime Partners L.P. announced a cash distribution of $0.05 per unit for the quarter ending December 31, 2024, amounting to an annualized distribution of $0.20 per unit. This payment is scheduled for February 13, 2025, to unit holders of record as of February 10, 2025. The press release also includes forward-looking statements regarding potential future events and risks related to the company's operations, including economic conditions, charter rates, and operational uncertainties. Navios Partners is an international owner and operator of dry cargo and tanker vessels, and further details can be found on their website.
Potential Positives
- The Board of Directors declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2024, demonstrating the company's commitment to returning value to its unit holders.
- The announced cash distribution indicates a stable annualized distribution of $0.20 per unit, which can enhance investor confidence and interest in the company's stock.
- The distribution will be payable on February 13, 2025, to unit holders of record as of February 10, 2025, providing a clear timeline for investors regarding the payout.
Potential Negatives
- The declared cash distribution of $0.05 per unit represents a low yield, which could indicate potential financial instability or lower profitability for the company.
- The press release emphasizes significant uncertainties and risks regarding the company’s future performance and cash flow generation, suggesting potential volatility in the company’s operations.
- There is a lack of assurance regarding the company's ability to maintain or increase future distributions, which may lead to investor concerns about future returns.
FAQ
What is the latest cash distribution announced by Navios Partners?
Navios Partners has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2024.
When will the cash distribution be payable?
The cash distribution will be payable on February 13, 2025, to unit holders of record as of February 10, 2025.
What is Navios Partners' annualized distribution rate?
The annualized distribution rate for Navios Partners is $0.20 per unit.
What type of vessels does Navios Partners operate?
Navios Partners operates dry cargo and tanker vessels internationally.
Where can I find more information about Navios Partners?
More information about Navios Partners can be found on their website at www.navios-mlp.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NMM Hedge Fund Activity
We have seen 39 institutional investors add shares of $NMM stock to their portfolio, and 30 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PALE FIRE CAPITAL SE removed 519,340 shares (-75.3%) from their portfolio in Q3 2024, for an estimated $32,526,264
- ION ASSET MANAGEMENT LTD. added 365,033 shares (+468.2%) to their portfolio in Q3 2024, for an estimated $22,862,016
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 254,246 shares (-62.5%) from their portfolio in Q3 2024, for an estimated $15,923,426
- ARMOR ADVISORS, L.L.C. added 242,933 shares (+inf%) to their portfolio in Q3 2024, for an estimated $15,214,893
- MORGAN STANLEY added 149,536 shares (+30.5%) to their portfolio in Q3 2024, for an estimated $9,365,439
- FINDELL CAPITAL MANAGEMENT LLC added 130,000 shares (+inf%) to their portfolio in Q3 2024, for an estimated $8,141,900
- JANE STREET GROUP, LLC added 87,869 shares (+inf%) to their portfolio in Q3 2024, for an estimated $5,503,235
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MONACO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2024. This distribution represents an annualized distribution of $0.20 per unit.
The cash distribution will be payable on February 13, 2025 to unit holders of record as of February 10, 2025.
About Navios Maritime Partners L.P.
Navios Partners (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at
www.navios-mlp.com
.
Forward-Looking Statements
This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements.
These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, wars, sanctions, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our dry bulk, containerships and tanker vessels in particular, fluctuations in charter rates for dry bulk, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, fluctuation in interest rates and foreign exchange rates, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units.
Contacts
Public & Investor Relations Contact:
Navios Maritime Partners L.P.
+1.212.906.8645
[email protected]
Nicolas Bornozis
Capital Link, Inc.
+1.212.661.7566
[email protected]