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Navios Maritime Holdings, Inc. (NM) Misses Q1 Views; Declares $0.06 Quarterly Dividend; 4.6% Yield

May 19, 2011 7:15 AM EDT
Navios Maritime Holdings, Inc. (NYSE: NM) reported Q1 EPS of $0.18, $0.01 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $156.6 million versus the consensus estimate of $161.66 million.

The Board of Directors declared a quarterly cash dividend for the first quarter of 2011 of $0.06 per share of common stock, $0.24 annualized.

The dividend is payable on July 7, 2011 to stockholders of record as of June 15, 2011, with an ex-dividend date of June 13, 2011.

Yield on the dividend is 4.6 percent.


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