Categories: Dividends

CEO Promises 10.36 Percent Yield Through 2015

CEO Promises 10.36 Percent Yield Through 2015 (MotleyFool.com)

For yields of 10.36 percent or higher through 2014 and into 2015, look to Navios Maritime Partners, LP (NMM). At least, that’s what Angeliki Frangou, CEO of NMM, believes. And she recently made that feeling public knowledge by promising to keep the company’s quarterly dividend yield at 10.36 percent through the end of 2015. Why the confidence? “The dry-bulk environment has brightened significantly,” according to Frangou — meaning increased global demand will lead to higher rates and higher cash flows. So if earning at least 10.25 percent yields sounds attractive to you, consider playing NMM through 2015.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.