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A Look At Navios Maritime Partners (NMM) Valuation After Dividend Hike And Insider Buying
Dividend hike and insider buying put Navios Maritime Partners in focus
Navios Maritime Partners (NMM) is back on income investors' radar after its Board approved a 20% raise in the quarterly cash distribution to $0.06 per unit, which is annualized at $0.24.
The announcement comes alongside recent open market purchases by insider Angeliki Frangou, who now beneficially owns over 4.7 million common units through direct and affiliated holdings. This signals increased personal exposure to the...