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
_____________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
It's impossible to follow the specific investing strategies of the world's best investors. After all, we don't always know why t...
-
You know what's good to see in one of your holdings? Management actually doing what they said they were going to do. The yield is 9.97%,...
-
Many investors focus their portfolios on either growth stocks (if they're a long way from retirement) or income stocks (if they're n...
-
Regulators typically set customer rates for utilities to ensure investors recover a fair return on capital and allows the businesses keep th...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
Market volatility is scarily high. Interest rates on sidelined cash are scarily low. Investors looking to de-risk or take some profits off o...
-
When dividend-paying companies are undervalued, investors stand to gain a constant stream of dividend income on top of capital gains, as ove...
-
Holding a stake in great businesses that regularly pay dividends and then reinvesting those payouts is one of the most dependable paths to l...
-
Most monthly payers are REITs of some kind – and a good chunk are mortgage REITs, which are facing rising interest rates. Some ETFs also off...
0 comments
Post a Comment
Post a Comment