Navios Maritime (NMM) Reports In-Line Q1 EPS; Declares $0.43 Qtr. Dividend; 8.5% Yield

Navios Maritime Partners (NYSE: NMM) reported Q1 EPS of $0.35, in-line with the analyst estimate of $0.35. Revenue for the quarter came in at $42.8 million versus the consensus estimate of $42.65 million.

The Board of Directors of Navios Partners declared a cash distribution for the first quarter of 2011 of $0.43 per unit, $1.72 annualized.

The distribution is payable on May 11, 2011 to holders of record on May 5, 2011. The ex-dividend date is May 3, 2011.

Yield on the dividend is 8.5 percent.

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