Known for distributing high dividends to investors when business operations are strong the Transportation-Shipping Industry will be one to watch in March.
The company announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco.
Companies Reporting Before The Bell • Fomento Economico (NYSE:FMX) is likely to report quarterly earnings at $1.61 per share on revenue of $11.66 billion.
Today, February 13, 2024, Capital Product Partners (NASDAQ:CPLP) will distribute a dividend payout of $0.15 per share, highlighting an annualized dividend yield of 3.37%. Shareholders who owned the stock before the ex-dividend date on February 05, 2024 will be eligible for this payout.
The shipping stock sector is noted for its high yields. There are over a dozen that have yields of 5% or more, with one, Frontline Ltd., forward yielding over 13%.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
