Follow the Insiders and Institutions to a Fat 9.15 Percent Yield
Follow the Insiders and Institutions to a Fat 9.15 Percent Yield (DividendChannel)
Along with the usual suspects generating solid dividends for investors (real estate investment trusts, master limited partnerships and energy services), companies in the shipping and global transport space have been treating their investors very well recently. For example, Claymore/Delta Global Shipping (SEA) is an exchange-traded fund that tracks the Claymore Global Shipping Index, up 26.4 percent during the last year. For income investors looking to take advantage of this strong performance, Ship Finance International Ltd. (SFL) offers a robust 9.15 percent yield. Apparently, the company’s prospects for the future are even brighter, as corporate insiders and institutional investors hold more than 70 percent of the shares available. When you have a management team and Wall Street heavyweights scooping up shares, it’s a safe bet that the company is a solid play. But is it safe enough for you to get in?