Tag Archives: NMM
Navios Maritime Partners boosts dividend
Navios Maritime Partners L.P. – Investors.
Navios Maritime Partners LP NMM has done something rare these days in the world of shipping stocks: They increased the distribution. The new rate is 40.5¢ per share compared to the previous 40¢ per quarter. In the 3rd quarter the company was able to raise capital and commit to the [...]
Navios Maritime Partners quarterly earnings
Navios Maritime Partners L.P. – Investors.
The quarterly earnings press release for Navios Maritime Partners LP NMM is linked above. NMM continues to run a painless operation for the income investor. The company’s business model has all of the vessels leased in at abou $12k per day and leased out at an average of about $26k [...]
Quality of Dividends, Part IV
Continuing my countdown of dividend paying shipping stocks. I a trying to give a quick recap of the stability and coverage of these distributions.
Navios Maritime Holdings NM pays what in this sector would be considered a nominal dividend of 6¢ per share. From 2006 until the 2nd quarter of 2008 it was 7¢, then jumped [...]
Video of Navios CEO
Navios Holdings CEO Angeliki Frangou discusses the state of the bulk shipping sector with CNBC on June 23, 2009. Also comments from Seaspan CEO, Jerry Wang. The container market comments are very interesting. NM SSW
Navios Maritime Partners increases fleet size
News Release.
The news release linked above has pretty much slipped under the radar for the major investment websites. As of this morning Navios Maritime Partners NMM does not even have it linked on their website. I listened to the conference call and they referenced some slides, but I have not been able to find them [...]
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 [...]
Interesting Q1 numbers for Navios Maritime
News Release.
As I read through the press release for the 1st quarter earnings of Navios Maritime Holdings, a couple of figures really caught my eye. First, was the sharp drop in revenue from the first quarter of 2008. Revenue decreased 56% from $338 million to $147 million. Yet at the same time EBIDTA increased 12% [...]
One best shipping stock?
I an email response to one of the posts here I received the following note and questions:
I’ve been following your blog for some time and want to tell you that I find it very interesting-as a matter of fact, I look forward to it.
I have two questions for you. First,if you would invest in one [...]
Navios Maritime Partners L.P. quarterly results
Navios Maritime Partners L.P. – Investors.
Linked above are is the press release for the first quarter results of Navios Maritime Partners NMM. NMM is a dry bulk shipper with its fleet of 9 vessels on time charter contracts.
I have been attracted to NMM by their longer term (4.1 years average) charter contracts and AA+ insurance [...]
Navios Maritime Partners increases dividend