Dividends4Life: A Safe 8% Yield, With 7.8X Coverage, No K-1

A Safe 8% Yield, With 7.8X Coverage, No K-1

Posted by D4L | Sunday, August 12, 2018 | | 0 comments »

This company's stock yields 7.89%, with very robust 7.86X coverage. Its revenue grew 12%, EBITDA rose 13%, and CAFD rose 8.6% in Q1 '18. Q2 '18 earnings guidance shows more growth is coming.

Seaspan Corp. (SSW) is the world's largest independent owner, operator, and manager of containerships. It has an average of five years remaining on its long-term charters, which represent 90% of its revenue. The company has had its ups and downs over the past few years and actually cut its common dividend from $.375 to $.125 in April 2017.

Source: Seeking Alpha

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