NMM is trading at 13.44, down from its recent pre-ex high of 14.84.
It's a little early in the quarter to get too excited though, imo.
I'd like to see 12.36 for me to jump in this early.
Anything sub13 in a few weeks would be a buy for me.
After several years of avoiding NMM, I decided to go in. Much of the PPS decline is due to the recent SPO as well as the dividend as you mention. I mistimed it, and have a $13.80 average price, but I did get the $0.44 divy so that's part of the reason.
I like  the fourth qtr report which was very strong,  analyst upgrades,  the SPO which they have a history of using wisely, and  the recently announced US-EuroZone free trade zone which I think is likely to happen [won't be blocked by the Repubs], and will be very positive for NMM.
In the meantime, we get a 12.50% divy. If you get your price, my hat's off to you ... I don't think it's going much lower.