Dividends from Hard Assets.
Independent research on cashflow from shipping, mining, energy and pipelines — from a real private-investor portfolio. Not investment advice.
Real portfolio · Shipping, Mining & Energy
I am a real person investing my own money in hard assets — shipping, mining, energy and pipelines. Every analysis here is backed by positions I actually hold (CMB.Tech ~3.4%, TORM ~2.9%, Dorian LPG ~2.9%, FLEX LNG ~2.2% of the public portfolio). The numbers below come straight from my live Parqet tracking — Trade Republic + Scalable Capital, percentages only.
since 2022
cost (YOC)
last 12 months
This is not financial advice. I am a private investor, not a financial advisor. Figures are real, percentage-based and from my own Parqet tracking (as of June 2026); past performance is no guarantee of future results.
Cashflow over speculation.
The focus is on hard assets — energy, shipping, mining and midstream pipelines — sectors that translate real economic activity into reliable dividends. Yields of 6–15 % are not the exception, they are the outcome of concrete cashflow logic.
A tanker earns money when it moves oil. A pipeline gets paid when gas flows through it. A mine generates revenue when copper leaves the ground. 80 % of the portfolio sits in stable, cashflow-rich dividend payers — 20 % stays in cash for counter-cyclical buys during weakness.
Four sectors. One principle.
Charter rates, fleet renewal, sanctions — a sector in the middle of a 2024–2028 super-cycle. CMB.Tech, TORM, Frontline, Scorpio.
Fixed+Variable dividends, $40 WTI breakeven champions and FCF generators. Devon, DNO, Chevron, ConocoPhillips.
All-In Sustaining Costs, reserve life, dividend stability. Barrick, AngloGold, BHP, Rio Tinto, Fresnillo.
Toll-road business models. Kinder Morgan, Enbridge, Pembina, ONEOK. Stable dividends for decades.
Eight calculators. No login.
Free tools for cashflow investors. Yield-on-Cost, Snowball projection, Shipping cash flow and more. No signup, no tracking, runs entirely in your browser.
Dividend Calculator
Gross dividend, withholding tax, net cashflow per position.
Yield on Cost Calculator
YOC at purchase price + 10-year projection with cashflow table.
Dividend Snowball
Simulate reinvestment + growth — see the compounding effect over 30 years.
DRIP Calculator
Dividend reinvest in share-mode, with price path simulation.
Dividend Growth
DGR projection: conservative, realistic and optimistic in one chart.
Financial Freedom
When do dividends cover your living expenses? Get the exact answer.
Shipping Cash Flow
Model TCE rates, daily rates and per-vessel cash flow for tanker investors.
PROSnowball YOC PRO
Multi-stock portfolio with taxes, growth and FX in a single model.
→ All calculators: browse the full toolbox
Not for everyone. For you?
You build cashflow for the long term — not speculate. Dividends are your measure of quality, not a side effect.
You trust real value: oil in the ground, copper in the mine, gas in the pipeline. Valuation runs on reserves and FCF, not hype.
You know commodity cycles run 10–15 years. Capex today decides supply five years out. Patience beats excitement.
Written for US investors.
Nine guides written for investors buying outside the issuer's home market — none of them adapted from the German site. Withholding tax by domicile, Oslo Børs and Toronto access, what an ADR quietly costs you, what franking credits are actually worth to a non-Australian, how the freight cycle drives shipping payouts, and why Marshall Islands/Bermuda domiciles change the shipping-dividend tax math entirely.
How US Investors Buy Hard Asset Dividend Stocks
Brokerage access, ticker mapping (ADRs vs. foreign ordinaries), and account setup for US-based investors.
Foreign Dividend Withholding Tax
What US investors actually pay on Norwegian, UK and EU dividend stocks — treaty rates, reclaim process.
Buy Norwegian Oil & Gas Dividend Stocks
Oslo Børs access for US brokers, ADR alternatives, and why Norwegian energy dividends differ from US majors.
Shipping Dividends & the Freight Cycle
Why tanker and bulker dividend yields swing 3–4x within a single freight cycle — and how to time entries.
Canada Pipeline Dividends: How to Actually Buy Them
Enbridge, TC Energy and Pembina all trade on the NYSE — but your tax bill depends on which line you buy on.
What Franking Credits Are Worth to You
BHP, Rio and Fortescue yield well — but the part Australians prize is worth nothing to a foreign holder.
ADR vs. Local Listing: What You Give Up
Custody fees, FX spreads and indirect voting — the costs an ADR ticker doesn't put on the screen.
The UK and Irish Withholding-Tax Edge
The UK charges 0% on dividends — a permanent edge over most of Europe. Ireland's 25% has an exemption worth filing for.
How Shipping Dividends Are Actually Taxed
Marshall Islands and Bermuda withhold 0% — the real question is PFIC risk, which almost nobody checks.
Research & analysis.
Updated:
§08 · About the Analyst
Marco Bozem — Hard-Asset Investor
Founder of MB Capital Strategies. I have been investing my own capital since 2022, with a dedicated focus on hard-asset dividend strategies. My portfolio concentrates on shipping stocks, mining, pipelines and energy — companies that pay real cashflow, not just promise it.
All research on this platform is based on my own due diligence — public financials, SEC filings, company investor relations materials. I hold real positions in most analysed companies (CMB.Tech, TORM, FLEX LNG, Thungela, Dorian LPG and others). Skin in the game, not just commentary.