Dividends4Life: This High-Dividend Stock Yields 10%, Has 19% EPS Growth, Goes Ex-Dividend Soon

Seaspan (NYSE:SSW) is the world's leading independent charter owner and manager of containerships. The company charters its containerships pursuant to long-term, fixed-rate time charters to various container liner companies. As of September 18, 2015, its fleet consisted of 118 containerships representing a total capacity of approximately 935,000 TEU, including 19 newbuilding containerships on order scheduled for delivery to the company and third parties. SSW employs over 3,000 people at its offices in Hong Kong, Canada, India, China and Korea as well as on board its fleet of vessels.

SSW has built its business by concentrating on working with strong counterparty lessees for its ships. Our High Dividend Stocks By Sectors Tables track SSW and its two preferred series shares in the Industrials section. SSW's preferred dividends have an even stronger coverage ratio, averaging 2.85x over the past four quarters. In addition to their 8%-plus dividend yields, these preferred shares have several other advantages for long-term income investors: 1. They're cumulative, 2. Firms will usually cut their common dividends first and They rank senior to common shares in a bankruptcy scenario.

Source: Seeking Alpha

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