Stock Quotes in this Article: ISH, NAT, NM

The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage. The opinions expressed are those of the author and do not represent the views of TheStreet or its management.

SAN FRANCISCO (Stockerblog) -- Besides utilities and telecom stocks, there aren't many other sectors that pay high yields. One high-dividend industry that hasn't received much attention recently is shipping.

There are two primary 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 nonliquid items.


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    Shipping stocks generate fairly significant dividends, with more than 15 yielding in excess of 3%, according to our free list at

    For example, Nordic American Tanker Shipping (NAT) is a liquid shipper that yields 4%. The stock trades at 40 times forward earnings. Unfortunately, revenue was down 23.8% for the latest reported quarter; the company reports next earnings on May 4.

    International Shipholding (ISH) is a dry bulk shipper with a 6.5% yield that trades at 10.7 times earnings. Revenue for the latest quarter was down 35.8%. The earnings announcement is April 25.

    Another high-yield dry bulk shipper is Navios Maritime Holdings (NM), which pays 4.4% and has a price-to-earnings ratio of 4.3. The company reports May 23.

    For a free list of over 20 high-dividend shipping stocks, visit

    At the time of publication, author had no positions in stocks mentioned.

    Fred Fuld III, the publisher of stock and bond investing blog Stockerblog and founder of WallStreetNewsNetwork, has been in the financial services industry for over 20 years, working as an investment advisor, options market maker at the Pacific Stock Exchange, vice president of a San Francisco money management firm, university faculty member and wholesaler for the New Alternatives Fund (the first environmentally conscious mutual fund). He is the author of the books Investing in Brazil Stocks and The Green Light on Green Stocks.