When you chase yield sometimes without prospecting the business well, you might be in for some hurt. Rickmers have to be conservative and STOP Paying Dividend. One of the highest yielding stock on my Dividend Stock Tracker is Rickmers Maritime at 10% to 14% yield. Recently the share price stagnates at $0.30 but dropped to $0.20. When folks ask me about it, I told them to prospect well, Rickmers as a shipping trust, were incorporated during the peak shipping cycle, so a lot of the ships was chartered out at very high rates. Provided the charterers do not default, Rickmers enjoy high rates that will be very hard to revisit in a long time. From the latest third quarter announcement, we can see they have a lot of charter expiring in 2016 at high rates. The rates versus the average current rates is more than half, which ......