This stock yields over 14% with strong 1.24x dividend coverage. It just reported earnings this week: Revenue has grown 20% and EBITDA is up 16% in 2016. It has long-term, fee-based contracts with strong counterparties, with an average term left of 4.6 years.
Navios Maritime Midstream Partners LP (NYSE:NAP) owns and operates six very large crude oil tankers (known as VLCCs), under long-term employment contracts with international oil companies, refiners and large vessel operators. NAP IPO'd in Q4 2014, and is based in Monaco. All of the company's vessels are fixed on time charters having an average remaining duration for 4.6 years. In addition, there's a "backstop" fee agreement with NNA, which guarantees NAP $35,000.00/day for its vessels, should rates drop lower than that.
Source: Seeking Alpha
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