A couple of days ago I started a series of articles to review the dividends paid in the first half of 2009 by the shipping stocks I follow on this site. You can read the 1st article here. There are 25 stocks on my list that paid a distribution so far this year and I am revealing them in groups of 5 starting with the lowest payout to the highest.
Here are the payors 6 through 10 on my list. The stocks are listed in this order: Company and stock symbol, dividend earned on $1000 invested on 1/1/2009 (divide by 5 to get an annualized percentage) and the share price change since the beginning of the year.
Of this group, Navios and Safe Bulkers are bulk carriers, Tsakos Energy Nav is in the tanker business and International Shipholding and Euroseas are mixed fleet carriers. ISH is a domestic U.S. carrier with a diversity of shipping business and I think it has suffered from the U.S. economic slowdown. It also appears to be distribution somewhat more than current free cash flow.
Otherwise, these companies with distribution yields in the 4% to 8% range have rewarded their share holders pretty well in the 1st half of 2009.
Shipping Stocks dividends 2009, Part II
A couple of days ago I started a series of articles to review the dividends paid in the first half of 2009 by the shipping stocks I follow on this site. You can read the 1st article here. There are 25 stocks on my list that paid a distribution so far this year and I am revealing them in groups of 5 starting with the lowest payout to the highest.
Here are the payors 6 through 10 on my list. The stocks are listed in this order: Company and stock symbol, dividend earned on $1000 invested on 1/1/2009 (divide by 5 to get an annualized percentage) and the share price change since the beginning of the year.
Of this group, Navios and Safe Bulkers are bulk carriers, Tsakos Energy Nav is in the tanker business and International Shipholding and Euroseas are mixed fleet carriers. ISH is a domestic U.S. carrier with a diversity of shipping business and I think it has suffered from the U.S. economic slowdown. It also appears to be distribution somewhat more than current free cash flow.
Otherwise, these companies with distribution yields in the 4% to 8% range have rewarded their share holders pretty well in the 1st half of 2009.