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Shipping Industry Preferred Stocks - High Yields, But Watch For Riptides

Published Tue, 16 Apr 2019 09:30:00 -0400 on Seeking Alpha

I am happy to report that I succeeded in publishing my first Seeking Alpha article entitled “Hot & Spicy Preferred Stocks with Yields between 7.9% and 9.6%”. That was a major accomplishment and I appreciate the editors and others that helped me with that article.
Like many investors, I am always on the lookout for high yields from companies that I consider to be relatively safe and able to show they can support their dividend on a sustainable basis. Because I yearn for higher yields, I generally filter through the dividend growth companies that offer low, but increasingly higher dividends. I usually end up looking at higher risk asset classes such as MLP, CREITS (commercial REITS), MREITS (mortgage REITS) and BDC (business development companies). As luck would have it, there is one other industry that can sometimes provide high yields, but it comes with risk levels that are off the chart. Did you guess the “shipping industry”?
I have ridden that bucking horse a few times with their common stocks, but eventually ate dust enough times to give me a bad taste and a resolve to never return. Over time; however, I forget the pain and began to look at those yields again. Human nature keeps me magnetized to high yields. But this time, I use another tool to in my tool chest to tame that bucking horse. That tool is preferred stocks. Preferred stocks are safer than the common stock of its parent for several reasons. Preferred stocks cannot stop paying the dividend unless they... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
DYNAGAS LNG PARTNERS LP 1.20   0.0 -0.24 0.25 19.23
GOLAR LNG PARTNERS LP 9.47   105.2 0.09 1.62 16.63
GASLOG PARTNERS LP 19.14   14.5 1.32 2.20 11.08
COSTAMARE 6.42   23.8 0.27 0.40 6.60
TSAKOS ENERGY NAVIGATION 3.10   0.0 -1.25 0.20 6.39
TEEKAY LNG PARTNERS LP 16.05   29.2 0.55 0.76 4.78
SEASPAN 11.61   5.9 1.97 0.50 4.49
SAFE BULKERS 2.16   15.4 0.14 0.00 1.90
SCORPIO TANKERS 31.19   0.0 -3.00 0.40 1.31
TEEKAY OFFSHORE PARTNERS LP 1.18   0.0 -0.11 0.01 0.85
STAR BULK CARRIERS 11.11   0.0 -0.07 0.00 0.00


Older articles featuring Dynagas Lng Partners Lp (DLNG):
A 9.8% Yielding Portfolio Beating The Market: The Cash Flow Kingdom Income Portfolio Mid-Year Review
Low Yield Vs. High Yield Preferred Stocks. Is The Spread Wider Than You Thought?
Dividends By The Numbers For March 2019 And 2019-Q1
Oil And Gas Industry Dominate January 2019 Dividend Cuts
Teekay Offshore: Better Support Was Sold Off; An 11%+ Yield Opportunity
GasLog: A Well-Covered Preferred Yielding 10.4%
94 Mid-December 10%+ Yield Dividend WallStars Enjoy Jolly Target Gains
81 Pre-December 10%+ Yield Dividend WallStars Boast Bullish Target Gains
Capital Product Partners: Nearly 12% Yield With Growing Coverage And No K-1
The Safer High-Yield LNG Play: Hoegh LNG Partners