Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit

Rhea-AI Summary

Navios Maritime Partners (NYSE:NMM) has announced a quarterly cash distribution of $0.05 per unit for Q4 2024. The distribution, which equates to an annualized distribution of $0.20 per unit, will be paid on February 13, 2025, to unitholders of record as of February 10, 2025.

Positive

• Declared quarterly cash distribution of $0.05 per unit
• Maintains consistent dividend payment schedule

Negative

• None.

Insights

Maritime Financial Analyst

The announced quarterly distribution of $0.05 per unit, while maintaining a consistent payout pattern, signals a notably conservative capital return strategy in the current maritime shipping landscape. At the current price levels, this translates to a dividend yield that positions NMM at the lower end of the maritime shipping sector's yield spectrum.

The modest distribution level reflects several strategic considerations: First, it demonstrates management's priority to maintain financial flexibility amid the volatile shipping rate environment, particularly important given the cyclical nature of the maritime transport industry. Second, it suggests a focus on preserving capital for potential fleet renewal or expansion opportunities, critical in an era of increasing environmental regulations and the need for more efficient vessels.

For investors, while the absolute distribution amount may appear modest, the sustainability and predictability of these payments can be viewed as a positive factor, especially considering the historically volatile nature of shipping company dividends. The conservative payout ratio provides a buffer against shipping rate fluctuations and helps maintain consistent distributions through market cycles.

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
Investors@navios-mlp.com

Nicolas Bornozis
Capital Link, Inc.
+1.212.661.7566
naviospartners@capitallink.com

FAQ

What is the Q4 2024 distribution amount for Navios Maritime Partners (NMM)?

Navios Maritime Partners (NMM) declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2024.

When will NMM's Q4 2024 distribution be paid?

The cash distribution will be paid on February 13, 2025, to unitholders of record as of February 10, 2025.

What is the annualized distribution rate for Navios Maritime Partners (NMM)?

The annualized distribution rate for Navios Maritime Partners (NMM) is $0.20 per unit, based on the quarterly distribution of $0.05.

What is the record date for NMM's Q4 2024 distribution?

The record date for NMM's Q4 2024 distribution is February 10, 2025.