10 Dividend Stocks That Pay More Than the US Average Rental Yield

5. Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Dividend Yield: 7.30%

No. of Hedge Funds: 14

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) is a global dry bulk shipping and logistics company based in Newport, Rhode Island. The company provides tailored transportation solutions for industrial clients. Unlike the traditional shipping firms, Pangaea Logistics Solutions, Ltd. leverages ice-class vessels, and niche trade routes to optimize freight efficiency and differentiate itself from competitors through a vertically integrated logistics model. The company serves a global network of ports, with a focus on the United States, Europe, and Asia.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) offers an attractive dividend yield of 7.30%, taking its place in our list of dividend stocks that pay more than the U.S. average rental. With a fleet size of 41 owned vessels and an operating fleet of 60 to 70 vessels, the company increased its adjusted EBITDA by $4 million in 2024, reaching a total of $23.2 million, despite the headwinds from the dry bulk market. Successful completion of a merger with a shipping fleet adds 15 Handysize dry bulk vessels, expanding their market segment and ensuring the capability of the company in its shareholder commitments.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) has found favor among institutional investors, with 14 hedge funds holding positions at the end of Q4 2024, as per Insider Monkey’s database. Analysts remain bullish, assigning a Buy rating and a 1-year median price target of $8.95, which implies a strong potential upside of 67.29%. Investors interested in collecting dividends should be aware of the ex-dividend date of May 30, 2025.