Niche High-Dividend Stock Yields Over 12%, Goes Ex-Dividend Soon, Estimates Rising

This stock yields 12.4%, and has solid 1.22x distribution coverage, via long-term contracts with strong counterparties. Management should declare the next distribution within the next few days, and it should go ex-dividend in the next two weeks. Earnings estimates have risen over the past month, but it still trades below book value. The nature of its niche market provides industry tailwinds in up and down cycles.

Have you found many niche high dividend stocks lately? This article covers KNOT Offshore Partners LP, (NYSE:KNOP), a solid high-yielding stock we've written about in several of our articles. KNOP, and its sponsor company Knutsen NYK Offshore Tankers AS, is one of the main players in the shuttle tanker industry. The thing is, oil shippers need to get their crude to port in order to monetize it. That's where KNOP comes in. It's much cheaper to use shuttle tankers than to build a pipeline. In addition, it's very costly to refit a shuttle tanker to operate in a different environment such as moving it from the harsh North Sea conditions down to Brazil, for example.

Source: Seeking Alpha

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