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GRAND CAYMAN – Patria Investments Limited (NASDAQ:PAX), the global alternative asset manager, has updated the record date for its upcoming quarterly cash dividend. The new record date is now set for February 25, 2025, moved up from the previously announced date of February 28, 2025. The payment date for the dividend remains unchanged at March 17, 2025. The company offers an attractive 4.8% dividend yield and has maintained consistent dividend payments for five consecutive years, according to InvestingPro data.
This dividend adjustment was initially disclosed on Wednesday, following a prior announcement on Tuesday. Shareholders of record by the new date will be eligible for the dividend payment of $0.15 per share.
Patria Investments, with over three decades of operation, is recognized as a leading investment firm in Latin America, managing assets worth $41.9 billion. The company operates a diversified investment platform, offering strategies across Private Equity, Infrastructure, Credit, Real Estate, Public Equities, and Global Private Markets Solutions. Patria serves a broad range of investors, facilitating access to alternative investments both within Latin America and globally.
The company’s forward-looking statements in the press release indicate management’s current expectations and beliefs regarding future developments. However, these statements are based on assumptions and subject to risks and uncertainties, which could cause actual results to differ materially. Investors are cautioned to consider these risk factors and are directed to the company’s SEC filings for a more detailed understanding of potential risks.
The information regarding Patria’s dividend record date change is based on a press release statement.
In other recent news, Patria Investments Limited is nearing the conclusion of a significant internal deal, transferring Aguas Pacifico, a water desalination project in Chile, from Patria Infrastructure Fund III to Patria Infrastructure Fund V and other global investors. This transition, initially agreed upon in December 2024, is anticipated to finalize in the first quarter of 2025. The Aguas Pacifico project, currently under construction in a water-scarce region of Chile, aligns with Patria’s investment strategy that emphasizes infrastructure addressing critical needs and fostering local economic and societal benefits. With over 35 years of experience and more than $44 billion in managed assets, Patria’s focus remains on resilient sectors, aiming to yield consistent returns while generating sustainable value. The involvement of sovereign wealth funds and institutional investors in this transaction underscores the project’s long-term investment appeal. These are recent developments and, as always, actual outcomes may vary due to inherent risks and uncertainties.
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