Category Archives: Other
Dryships reports quarterly earnings
http://www.capitallink.com/ppress/ppressfile
Dryships, Inc. DRYS reported quarterly earnings a couple of days ago and this one-time high flyer continues to struggle with revenues and earnings. 2nd quarter earnings net of one-time items were 25¢ per share compared to $6.95 a year earlier. Total earnings fell to $52.8 million from just under $300 million. This is a 82% [...]
Shipping Stocks Returns – Mid-year 2009
What fun! The first 6 months of 2009 are behind us and the stock market rallied strongly in the 2nd quarter. Also, we have the new maritime indices from Capital Link Shipping to compare against the results of my stock tracking.
I am going to put the numbers up and you can decide what is important. [...]
Quality of Dividends, Part III
Today I will continue with my listing and review of the shipping stocks that currently pay distributions. I am trying to give you an idea of the stability and continued ability to pay for each of the companies. The listing is in alphabetical order.
International Shipholding Corp. ISH reinstated a 50¢ per share dividend in the [...]
Shipping Stocks dividends 2009, Part V
Today I finalize my reverse countdown of the dividend paying shipping stocks for the 1st half of 2009. This has been a 5 article review of the 25 shipping stocks that made distributions so far this year.
Here are the payors 21 through 25 on my list. The stocks are listed in this order: Company and [...]
Answer to email question
Here are the 3 stocks I list as “other shipping” in my tracking”
ISH
KSP
ULTR
Paragon Shipping has a nice 1st quarter
1Q09 Press Release.pdf (application/pdf Object).
I have several earnings reports I hope to get through this morning. Up first is Paragon Shipping PRGN whose Q1 earnings release is linked above. Cash flow and net income were up slightly for this dry bulk company and the results have been steady for the last several quarters.
Starting with the [...]
Ship Finance: 30 cent dividend, cash or stock
305944.pdf application/pdf Object.
Ship Finance International SFL has declared a second consecutive 30¢ dividend where shareholders can elect to receive cash or additional shares of stock. I am not a big fan of the dilution from issuing stock, but at current share prices and assuming the same level of participation this quarter the amount is about [...]
Eagle Bulk Shipping: Best of the dry-bulkers?
Eagle Bulk Shipping: New Release.
Somehow I missed the earnings release for Eagle Bulk Shipping EGLE last week and I am sorry for the oversight. The company reported pretty impressive 1st quarter results (linked above) and continues to be the bulk shipping company I am most interested in. For the quarter, Eagle reported better numbers on [...]
Shipping Stocks Performance Year-to-Date
It is (almost) the end of the first quarter of 2009 so I thought I would put up a little data on how the shipping stocks I track have fared. I keep a Google portfolio that has been tracking the values of 42 shipping stocks on an equal dollar weighted average since January 1, 2009. [...]
K-Sea Transportation pays big dividend, reports earnings