Navios Maritime Partners NMM has increased their dividend payout again. The distribution will be bumped half a cent to a quarterly 41ยข per share. NMM has been well managed throughout the shipping slowdown with long term, insured contracts for their dry bulk vessels. It also helps to be able to skim the cream of the crop of vessels and contracts from Navios Maritime NM -(in my opinion). Navios Maritime Partners seems poised to be able to maintain or increase the dividend for the foreseeable future. The stock still yields close to 9.5%.
Navios Maritime Partners increases dividend
Navios Maritime Partners L.P. – Investors.
Navios Maritime Partners NMM has increased their dividend payout again. The distribution will be bumped half a cent to a quarterly 41ยข per share. NMM has been well managed throughout the shipping slowdown with long term, insured contracts for their dry bulk vessels. It also helps to be able to skim the cream of the crop of vessels and contracts from Navios Maritime NM -(in my opinion). Navios Maritime Partners seems poised to be able to maintain or increase the dividend for the foreseeable future. The stock still yields close to 9.5%.
Note: I own a personal position in NMM