As you may have noticed from many of our previous articles, we're big fans of long-term contracts which lock in cash flow to support distributions and distribution growth. This week's article covers a company which went public in November 2014, and not only operates long-term charters but also has the rights to acquire more of these long-term dropdown assets from its parent company.
Navios Maritime Midstream Partners L.P. (NYSE:NAP) is a publicly listed master limited partnership. NAP owns and operates very large crude oil tankers, VLCC's, under long-term employment contracts with international oil companies, refiners and large vessel operators. Navios Midstream's Sponsor is Navios Maritime Acquisition Corporation (NYSE:NNA) which currently owns a 55.5% interest in Navios Midstream as well as a 2.0% interest through the general partner which Navios Maritime Acquisition Corporation owns and controls.
Source: Seeking Alpha
Related Articles:
- The Most Important Financial Statement When Selecting Dividend Growth Stocks
- 5 Five-Star Dividend Stocks
- 10 Fun Facts That You Might Not Know About Microsoft
- 5 Dividend Stocks To Beat The Wall Street Giants
- A Disciplined Approach To Dividend Growth Stocks
_____________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Do you need more income? Join the crowd. It seems everyone is scouring the landscape these days for decent income investments to beef up the...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
While I've invested a decent portion of my portfolio into growth stocks, a significant part of my holdings consists of dividend-paying s...
-
All too often when a cheap stock offers a high dividend yield, it's too good to be true. Perhaps the stock has plunged with good reason,...
-
Stocks can make for amazing investments, offering better long-term returns than bonds, precious metals, and most other commonly available in...
-
Investors hear about dividend aristocrats all the time. It’s a fantastic thing if a company raises its dividend every year for 25 years runn...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
If it's dividends you're after, there are plenty of top companies to consider, particularly those on the Dow Jones Industrial Averag...
-
To alert investors of stocks that have the highest risk of reducing their current dividend in the future, Simply Safe Dividends created a Di...
0 comments
Post a Comment
Post a Comment