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

Patria Investments Limited (NYSE:PAX) declared a quarterly dividend on Friday, April 25th, Wall Street Journal reports. Investors of record on Wednesday, May 14th will be paid a dividend of 0.15 per share on Thursday, June 12th. This represents a $0.60 annualized dividend and a yield of 5.11%. The ex-dividend date is Wednesday, May 14th.

Patria Investments has raised its dividend payment by an average of 7.2% annually over the last three years. Patria Investments has a payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Patria Investments to earn $1.59 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 37.7%.

Patria Investments Price Performance

NYSE:PAX opened at $11.74 on Monday. Patria Investments has a 52-week low of $9.43 and a 52-week high of $13.42. The stock has a fifty day moving average of $10.81 and a 200 day moving average of $11.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $701.66 million, a price-to-earnings ratio of 23.48, a P/E/G ratio of 1.28 and a beta of 0.57.

Patria Investments Company Profile

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.