Navios Maritime Partners LP- Partnership Units (NMM)

[Ecomike]

While NMM has not been a very exciting stock lately ( a good thing for long term investors in a volatile scarry market) it has made a nice strong move up today, to a new recent high, and has held its value better than most (if not all) other dry bulk shippers of late. Great dividend here, almost unheard of yield, up around 12%, and seems to be here to stay. I bought more about 10 days ago, still long and adding. Also BDI is on the rise again boosting dry bulk shipper stocks. The high dividend seems to be related to the LP structure with NM as the general partner, and it seems to be set up to pay out most of earnings as dividends. IIRC NM owns over 50% as the GP, so most of those earnings go to NM.