Dividends4Life: Qualified Dividends Yielding 8%, 15 Straight Dividend Hikes, Strong Growth And Coverage

Dividend Growth Stocks News

Looking for qualified dividends in the high yield space? This stock yields 8.33% and has a 78% dividend payout ratio. Management has raised the quarterly dividend for 15 straight quarters. This is not an LP; its payouts are qualified dividends...

Ocean Yield ASA (OTCQX:OYIEF), a diversified shipping company based in Norway. The Ocean Yield Group was established on 3/31/12, with a portfolio of oil service assets previously controlled by Aker ASA. (Aker continues to hold 66% of OYIEF.) Since then, the company has committed an average of USD $500 million/year in new investments, all towards assets with long-term charters within shipping and oil service. One of Ocean Yield's strengths is that it has good access to capital and has continued to raise capital in the bond and equity markets, which has been used to fund further investments within oil service, car carriers, chemical tankers, product tankers and liquefied ethylene gas carriers. OYIEF IPO'd in July 2013 on the Oslo stock exchange.

Source: Seeking Alpha

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