Well I must admit I am little bit concerned about the BDI and market in general at this moment, but this is one of those little known, great (HUGE) dividend stocks that held its value while some of its competitors share prices dropped 95-98% in recent crash.
But yea, this is definitely a buy and hold for retirement dividend stock for sure.
It is not the usual dry bulk shipper stock, it is a limited partnership (with NM as GP) that pays out something like 60% (IIRC) of average earnings as a dividend.