Dividends4Life: High Dividend Stock Yields 15%, Strong Coverage, Selling Below Book Value

Dividend Growth Stocks News

This stock yields over 14% with steady payouts over the past nine quarters. Its dividend coverage factor is over 2x for common units. It's selling below book value and has a strong balance sheet. We're heading back out onto the high seas this week to cover a long-time holding of ours...

Navios Maritime Midstream Partners LP (NYSE:NAP) owns, operates and acquires crude oil tankers, refined petroleum product tankers, chemical tankers and liquefied petroleum gas tankers. The company charters its vessels under long-term employment contracts to international oil companies, refiners and large vessel operators. It IPO'd in November 2014. In addition to having its base of contract fees, NAP also has a profit-sharing arrangement with its general partner, Navios Maritime Midstream Partners GP LLC, which, in turn, is owned by Navios Maritime Acquisition (NYSE:NNA).

Source: Seeking Alpha

Related Articles:
- 7 Dividend Growth Stocks That Could Make You Wealthy
- A Roadmap To Build Wealth With Dividend Stocks
- High-Yield Managed Distribution Policy Funds
- 6 Blue Chip Dividend Stocks For When the Chips Are Down
- The 2016 Elite Dividend Stocks List

________________________________________________________________

0 comments

Post a Comment

Note: Only a member of this blog may post a comment.