5 High Dividend Shipping Stocks Going Ex-Dividend Soon

by Robert Hauver
Looking for more income from your portfolio? Income investors have been hopping aboard shipping dividend stocks in 2016, enticed by their high dividend yields.
SHIPS-PIC
This sub-industry has certain companies which are becoming more well-known for their stable business models, which are based upon long term contracts, with solid counter parties. After all, who doesn’t want to have a glimpse into the future? These stocks will typically have around a 5-year or longer remaining length of time on their contracts, not including options to extend.

They’ve all IPO’d within the past approx. 5 years, and their cash flow and earnings growth is based upon a “dropdown” model, in which their parent companies, usually known as sponsors and/or general partners will sell them assets, which already have signed contracts on them.

2 of these stocks…
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