Friday, July 16, 2010
Top Yielding Shipping Stocks
Income investors looking for some diversification from electric and gas utility stocks, should climb aboard some shipping stocks. There are two types of shippers, the liquid shippers which transport crude oil, petroleum products, and liquefied natural gas, and the dry bulk shippers, which transport iron ore, coal, grain, minerals, fertilizers, and other non-liquid items.
The shipping stocks generate some fairly high dividends with nineteen yielding over 4%, according to a list that was just developed by WallStreetNewsNetwork.com. For example, Nordic American Tanker Shipping Ltd (NAT) is a liquid shipper that yields 8.8%. International Shipholding Corp. (ISH) is a dry bulk shipper with a 7.1% yield. Another high yield dry bulk shipper is Navios Maritime Holdings Inc. (NM) paying 5.3%.
For a free Excel database of over 20 high dividend shipping stocks, go to WallStreetNewsNetwork.com. A few of these stocks yield more than 10%, but I think those yields are probably unsustainable.
Author does not own any of the above.