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OSG - The Best 9% Yield Shipping Stock You've Never Heard Of: American Shipping No K-1
Overseas Shipholding Group Inc. Class A
American Shipping company (OTCQX:ASCJF) is a classic case of a hidden dividend stock - the most recent Seeking Alpha article was posted in 2017, more than two years ago.
We added ASCJF to the HDS+ portfolio back in February 2018. It has been a big winner for HDS+ subscribers, with a total return of 36.54%, vs. 8.08% for the S&P 500 during this period.
Profile:
Established in 2005, American Shipping Company is a ship owning company with nine modern handy size product tankers and one modern handy size shuttle tanker on long-term bareboat