Patria Investments Limited (NYSE:PAX) Announces Quarterly Dividend of $0.15

Patria Investments Limited (NYSE:PAX) declared a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.15 per share on Monday, March 17th. This represents a $0.60 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Friday, February 28th.

Patria Investments has raised its dividend payment by an average of 7.2% annually over the last three years. Patria Investments has a dividend payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Patria Investments to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 43.2%.

Patria Investments Price Performance

Patria Investments stock traded up $0.23 during trading hours on Thursday, hitting $12.72. 841,332 shares of the company traded hands, compared to its average volume of 503,060. The firm’s 50-day simple moving average is $11.82 and its two-hundred day simple moving average is $11.70. The firm has a market cap of $760.27 million, a P/E ratio of 29.58, a P/E/G ratio of 1.23 and a beta of 0.58. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. Patria Investments has a 1-year low of $10.63 and a 1-year high of $16.16.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered their price objective on shares of Patria Investments from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd.

About Patria Investments

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.