Looking for steady niche high yield income? This stock is up 19% in 2022, but still looks undervalued.
Interest expense fell by -37.6% in 2020, and also fell -16% in Q1-3 '21. Management maintained its $0.52 dividend for Q4 '21 - the 26th consecutive $0.52 payout. The stock yields 12.72%, and went ex-dividend on 1/27/22.
You may want to climb aboard KNOT Offshore Partners LP (NYSE:KNOP), a leader in the niche industry of offshore shuttle tankers. This tiny industry is less than 1% of the world's total shipping fleet. It may be a tiny industry, but shuttle tankers perform a vital service for offshore oil producers, who utilize them to get their product to the mainland. Shuttle tankers service a growing proportion of all offshore production, recently surpassing 90% in Brazil. KNOP's management estimates that there are ~12 customers and ~3 suppliers in this sub-industry.
Source: Seeking Alpha
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