Navios Maritime Acquisition Corp (NYSE: NNA) has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ”DividendRank” report. The report noted that among energy companies, NNA shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent NNA share price of $2.35 represents a price-to-book ratio of 0.4 and an annual dividend yield of 8.52% — by comparison, the average energy stock in Dividend Channel’s coverage universe yields 5.0% and trades at a price-to-book ratio of 2.3. The report also cited the strong quarterly dividend history at Navios Maritime Acquisition Corp, and favorable long-term multi-year growth rates in key fundamental data points.
In the shipping industry it sticks out also, The returns will do tell the market turns and makes us rich. Its nice to see coverage and an upgrade. The cycle will turn and demand increase from demand. You cant starve raw materials and consumer goods from people forever. The emerging markets are not dying.