7 Shipping Companies Now Delivering Huge Dividends

Star Bulk Carriers

Star Bulk Carriers Corp. (NASDAQ: SBLK) is a dry bulk shipper of grains, coal and other cargoes. The company pays a variable dividend, and over the past 12 months has paid out $4.25 for a dividend yield of 25.8%.

Net income for the last 12 months totaled $680.53 million. Free cash flow per share (LTM) was $6.23, and the total return for the past year was about 73.1%.

Through the March quarter, the company had paid out common dividends of $230.24 million. The company’s payout ratio for the past year is about 33.8%.

Genco Shipping

This is another dry bulk shipper. Including a payment made last week, Genco Shipping and Trading Ltd. (NYSE: GNK) has paid dividends totaling $1.71 for the past four quarters. The current dividend yield is 15.54%.

Net income for the last 12 months totaled $221.71 million. Free cash flow per share over the past year was $2.54, and the total return for the past year was 56.84%.

Through the March quarter, the company had paid out common dividends of $40.9 million. The company’s payout ratio for the past year is about 18.4%.

KNOT Offshore Partners

KNOT Offshore Partners L.P. (NYSE: KNOP) owns and operates shuttle oil tankers under long-term charters in the North Sea and Brazil. The company has paid dividends totaling $2.08 over the past four quarters. The current dividend yield is 12.52%.

Net income for the last 12 months totaled $72.52 million. Free cash flow per share over the past year was $3.77, and the total return for the past year was negative 0.9%.

Through the March quarter, the company had paid out common dividends totaling $40.9 million. The company’s payout ratio for the past year is about 151.3%.

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