Dry-Bulk Shipping Demand Dries Up (DSX, EGLE, EXM) November 20, 2008 By Todd Shriber - Investopedia Advisor: "The end of the commodities bull market has certainly left its fair share of victims in its wake. Shares of basic materials, energy, fertilizer, metals and mining stocks have all been slammed as commodity prices have come crashing back to earth. Dry bulk shipping stocks may have shed the most blood as they are dependent on global demand for coal, iron ore, oil and other commodities to make profit and as demand has dwindled, so has investor appetite for shipping stocks...
Despite the fall in share prices, shipping stocks may be offering investors some value here, especially when considering their almost freakishly high dividend yields. (Be sure to check out The Importance Of Dividends.)
Company 52-week Decline Dividend(Yield)* Dry Bulk Dividends
DryShips(Nasdaq:DRYS) 95% $0.80 (18%)
Eagle Bulk Shipping(Nasdaq:EGLE) 85% $2.00 (47%)
Excel Maritime(NYSE:EXM) 89% $1.60 (32%)
Genco Shipping & Trading (NYSE:GNK) 87% $3.85 (52%)
TTM dividend as of noon November 20, 2008
BALTIC DRY INDEX CHART
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