Dividend Stock Yields 10%, 13 Straight Dividend Hikes, More Due In 2017, Insiders Buying

Looking for a growth juggernaut to climb aboard? This stock yields 9.89%, with a 75% dividend payout ratio. Management has raised the dividend 13 straight quarters, and should raise it again in coming quarters. The company grew its asset base by over 25% just halfway through Q4-Q4. Revenue still grew by 25%, EBITDA by 31%, EPS by 17% - all record dollar figures. Q1 '17 will be the first full quarter of operations for majority of new assets - means more big growth in 2017. Insiders just bought 300,000 shares.

The Ocean Yield Group was established on 3/31/12, with a portfolio of oil-service assets previously controlled by Aker ASA (OTC:AKAAF). Since then, the company has committed over $1.8B in new investments, all toward assets with long-term charters within shipping and oil service. Ocean Yield has continued to raise capital in the bond and equity markets, which has been used to fund further investments within oil-service, car carriers, chemical tankers, product tankers and liquefied ethylene gas carriers. OYIEF IPO'd in July 2013 on the Oslo stock exchange.

Source: Seeking Alpha

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