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.