Dividends4Life: The Best 9% Yield Shipping Stock You've Never Heard Of, No K-1

Dividends4Life: The Best 9% Yield Shipping Stock You've Never Heard Of, No K-1

The Best 9% Yield Shipping Stock You've Never Heard Of, No K-1

Posted by D4L | Tuesday, October 15, 2019 | ArticleLinks | 0 comments »

The Jones Act provides a strong moat for US port-to-port shipping vessels. This company has a cost advantage and the youngest fleet among Jones Act shippers. It has very steady cash flow, yields 9%, with a conservative 45% payout ratio.

American Shipping company (OTCQX:ASCJF) is a classic case of a hidden dividend stock - the most recent Seeking Alpha article was posted in 2017, more than two years ago. We added ASCJF to the HDS+ portfolio back in February 2018. It has been a big winner for HDS+ subscribers, with a total return of 36.54%, vs. 8.08% for the S&P 500 during this period.

Source: Seeking Alpha

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