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
Related Articles:
- 7 High-Yield Energy Stocks Growing Their Dividends
- 5 Dividend Stocks In Need Of A Market Correction
- 10 Dividend Stocks Building A Growing Cash Stream
- How To Build A Sustainable High Yield Portfolio
- How To Buy Dividend Stocks At The Bottom
High-Dividend Stock Yields 14%, Selling Below Book Value, Goes Ex-Dividend This Week
Posted by D4L | Saturday, November 19, 2016 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
GameStop (NYSE:GME) lost about 40% of its market value over the past three years, as rising digital downloads and declining mall traffic thr...
-
In a capitalistic society, opportunities to generate (mostly) passive income are all around us. Dividend growth investing is one of the most...
-
These elite income producers have rallied this year. Their brilliance at producing passive income seems to have caught the market's eye ...
-
Investors buy dividend stocks for a few reasons. For one, they provide income via dividends that act as a bonus on top of capital appreciati...
-
Buying dividend stocks can be tricky. Oftentimes, stocks that pay exorbitantly high dividends have underlying financial problems, and their ...
-
If you are looking for reliable dividends, these three Dividend Kings should be right up your alley. Dividends are paid at the discretion of...
-
While optimism in the broader market remains robust – particularly for hyped-up sectors like technology – investors may still want to consid...
-
Since the market highs in July, stocks have been under considerable pressure. Indeed, 10-year Treasury yields are at the highest level since...
-
A strong dividend investing strategy may be to focus on high-quality names that score well on several dividend-related metrics. In other wor...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.