Rickmers Maritime note holders are not happy with their latest debt refinancing proposal,
but they don't really have much of a choice but to go along now, do they? |
In January this year, a 14.3% high-yielding dividend stock caught my eye - Rickmers Maritime.
I was tempted to buy it, but decided not to after spending some time studying the company and its business. While the yield was indeed attractive, there were too many red flags that I didn't feel comfortable with. It then inspired me to write down my thoughts in
this article, where I specifically explained why I decided to stay away from Rickmers (as well as other high-dividend yielding stocks).
Other than looking at dividend yield, we also need to question if the dividend yield is sustainable. In the case of Rickmers, I highly doubted that they would have enough money to continue such payouts.
Well, ......