Martin Midstream Partners L.P., together with its subsidiaries, engages in terminalling, processing, storage, and packaging of petroleum products and by-products primarily in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 15 marine shore-based terminal facilities and 13 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products. This segment also offers land rental services to oil and gas companies, as well as storage and handling services for lubricants and fuels. Its Transportation segment operates a fleet of 570 tank trucks and 1,200 trailers; and 29 inland marine tank barges, 14 inland push boats, and 1 articulated offshore tug and barge unit to transport petroleum products and by-products, petrochemicals, and chemicals. The company's Sulfur Services segment processes molten sulfur into prilled or pelletized sulfur, which is used in the production of fertilizers and industrial chemicals. Its Natural Gas Liquids segment stores, distributes, and transports natural gas liquids for wholesale deliveries to refineries, industrial NGL users, and propane retailers, as well as owns approximately 2.1 million barrels of underground storage capacity for NGLs. Martin Midstream GP LLC serves as a general partner of the company. Martin Midstream Partners L.P. was incorporated in 2002 and is based in Kilgore, Texas.
Martin Midstream Partners Dividend Announcement
• Martin Midstream Partners announced a quarterly dividend of $0.01 per ordinary share which will be made payable on 2024-11-14. Ex dividend date: 2024-11-07
• Martin Midstream Partners annual dividend for 2024 was $0.02
• Martin Midstream Partners annual dividend for 2023 was $0.02
• Martin Midstream Partners's trailing twelve-month (TTM) dividend yield is 0.63%
• Martin Midstream Partners's payout ratio for the trailing twelve months (TTM) is 18.70%
• Martin Midstream Partners's dividend growth over the last five years (2018-2023) was -60.19% year
• Martin Midstream Partners's dividend growth over the last ten years (2013-2023) was -39.62% year
Martin Midstream Partners Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-07 | $0.01 | quarterly | 2024-11-14 |
2024-08-07 | $0.01 | quarterly | 2024-08-14 |
2024-05-07 | $0.01 | quarterly | 2024-05-15 |
2024-02-06 | $0.01 | quarterly | 2024-02-14 |
2023-11-06 | $0.01 | quarterly | 2023-11-14 |
2023-08-04 | $0.01 | quarterly | 2023-08-14 |
2023-05-05 | $0.01 | quarterly | 2023-05-15 |
2023-02-06 | $0.01 | quarterly | 2023-02-14 |
2022-11-04 | $0.01 | quarterly | 2022-11-14 |
2022-08-04 | $0.01 | quarterly | 2022-08-12 |
2022-05-05 | $0.01 | quarterly | 2022-05-13 |
2022-02-04 | $0.01 | quarterly | 2022-02-14 |
2021-11-04 | $0.01 | quarterly | 2021-11-12 |
2021-08-05 | $0.01 | quarterly | 2021-08-13 |
2021-05-06 | $0.01 | quarterly | 2021-05-14 |
2021-02-04 | $0.01 | quarterly | 2021-02-12 |
2020-11-05 | $0.01 | quarterly | 2020-11-13 |
2020-08-06 | $0.01 | quarterly | 2020-08-14 |
2020-05-07 | $0.06 | quarterly | 2020-05-15 |
2020-02-06 | $0.06 | quarterly | 2020-02-14 |
2019-11-06 | $0.25 | quarterly | 2019-11-14 |
2019-08-06 | $0.25 | quarterly | 2019-08-14 |
2019-05-07 | $0.25 | quarterly | 2019-05-15 |
2019-02-06 | $0.50 | quarterly | 2019-02-14 |
2018-11-06 | $0.50 | quarterly | 2018-11-14 |
2018-08-06 | $0.50 | quarterly | 2018-08-14 |
2018-05-07 | $0.50 | quarterly | 2018-05-15 |
2018-02-06 | $0.50 | quarterly | 2018-02-14 |
2017-11-06 | $0.50 | quarterly | 2017-11-14 |
2017-08-03 | $0.50 | quarterly | 2017-08-14 |
2017-05-04 | $0.50 | quarterly | 2017-05-15 |
2017-02-03 | $0.50 | quarterly | 2017-02-14 |
2016-11-03 | $0.50 | quarterly | 2016-11-14 |
2016-08-03 | $0.81 | quarterly | 2016-08-12 |
2016-05-04 | $0.81 | quarterly | 2016-05-13 |
2016-02-03 | $0.81 | quarterly | 2016-02-12 |
2015-11-04 | $0.81 | quarterly | 2015-11-13 |
2015-08-05 | $0.81 | quarterly | 2015-08-14 |
2015-05-06 | $0.81 | quarterly | 2015-05-15 |
2015-02-04 | $0.81 | quarterly | 2015-02-13 |
2014-11-05 | $0.81 | quarterly | 2014-11-14 |
2014-08-05 | $0.79 | quarterly | 2014-08-14 |
2014-05-01 | $0.79 | quarterly | 2014-05-15 |
2014-02-05 | $0.79 | quarterly | 2014-02-14 |
2013-11-05 | $0.78 | quarterly | 2013-11-14 |
2013-08-05 | $0.78 | quarterly | 2013-08-14 |
2013-05-06 | $0.78 | quarterly | 2013-05-15 |
2013-02-05 | $0.77 | quarterly | 2013-02-14 |
Martin Midstream Partners Dividend per year
Martin Midstream Partners Dividend growth
Martin Midstream Partners Dividend Yield
Martin Midstream Partners current trailing twelve-month (TTM) dividend yield is 0.63%. Interested in purchasing Martin Midstream Partners stock? Use our calculator to estimate your expected dividend yield:
Martin Midstream Partners Financial Ratios
Martin Midstream Partners Dividend FAQ
Other factors to consider when evaluating Martin Midstream Partners as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Martin Midstream Partners's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Martin Midstream Partners publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Martin Midstream Partners distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Martin Midstream Partners are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Martin Midstream Partners sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Martin Midstream Partners distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Martin Midstream Partners declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Martin Midstream Partners's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Martin Midstream Partners's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.