Navios Maritime Acquisition Co. (NYSE:NNA) declared a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Shareholders of record on Wednesday, September 25th will be paid a dividend of 0.30 per share by the shipping company on Wednesday, October 9th. This represents a $1.20 annualized dividend and a dividend yield of 16.57%. The ex-dividend date is Tuesday, September 24th.

Navios Maritime Acquisition has decreased its dividend payment by an average of 31.6% per year over the last three years. Navios Maritime Acquisition has a dividend payout ratio of -324.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Navios Maritime Acquisition to earn $1.46 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 82.2%.

Shares of NNA stock opened at $7.24 on Monday. The stock’s 50-day moving average is $6.28 and its two-hundred day moving average is $6.58. The firm has a market cap of $94.02 million, a price-to-earnings ratio of -0.96 and a beta of 2.40. Navios Maritime Acquisition has a 1 year low of $2.90 and a 1 year high of $8.70. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.00 and a current ratio of 1.00.

Navios Maritime Acquisition (NYSE:NNA) last issued its quarterly earnings data on Wednesday, August 21st. The shipping company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.58). Navios Maritime Acquisition had a negative return on equity of 14.23% and a negative net margin of 23.53%. The firm had revenue of $54.39 million for the quarter. As a group, research analysts predict that Navios Maritime Acquisition will post -0.99 EPS for the current year.

Separately, ValuEngine upgraded shares of Navios Maritime Acquisition from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th.

About Navios Maritime Acquisition

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.

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Dividend History for Navios Maritime Acquisition (NYSE:NNA)

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