Tag Archives: FRO
Are Tanker Rates Headed Higher?
Capital Link Shipping | Investing In International Shipping Maritime.
A couple of comments on the above linked tanker market summary. Nice to see VLCC rates back above $85k. They averaged $25k for all of 2009.
There are only 50 VLCC tankers available in the Arabian Gulf for the next month. Typically, 90 of the big tankers are [...]
Quality of Dividends, Part II
Today I will continue onward with my lightweight analysis of the dividend paying stocks in my shipping stocks universe. When you are investigating these stocks it is important to know how they earn their revenues and the general plan of how they turn those revenues into dividend distributions.
I am going through the list of dividend [...]
Shipping stocks dividends earned 1st half of 2009
Now that all of the stocks I follow for this site have released earnings and declared distributions for the 1st quarter of 2009 I thought it would be interesting to review which shipping companies have paid distributions and how much investors would have earned if they had been holding the stocks since the first of [...]
Frontline reports 1st quarter results
307659.pdf (application/pdf Object).
Frontline Ltd. FRO has released their first quarter results and it was another tough quarter for the world’s largest tanker company. The company did stay profitable, earning 98¢ a share in Q1. They declared a 25¢ dividend, the same payout as the 4th quarter of 2008. For the same quarter of 2008, FRO [...]
Ship Finance: 30 cent dividend, cash or stock
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Ship Finance International SFL has declared a second consecutive 30¢ dividend where shareholders can elect to receive cash or additional shares of stock. I am not a big fan of the dilution from issuing stock, but at current share prices and assuming the same level of participation this quarter the amount is about [...]
More on slashed dividends
Concerning my note yesterday on the companies that have suspended dividends I received the following email:
I’m sure you know, but just in case: FRO has slashed their dividend, along with SFL.
We’d like to know which shipping companies are best equipped to weather the storm, and which ones might move rapidly upwards one a hole forms [...]
Ship Finance cuts dividend, cash flow still strong?
My first thought when I read that Ship Finance International SFL had cut their dividend in half was extreme anger at management. The thinking in this case seems to be: The stock market does not seem to be valuing our stock as they should in light of our excellent dividend, so we will cut the [...]
Tough times ahead for Frontline, Ltd.
FRO preliminary 4th quarter and year end results.
It appears that the 1st quarter of 2009 will be even tougher on tanker giant Frontline, Ltd. FRO than the difficult 4th quarter of 2008. Frontline has released their 4th quarter and year end results and the numbers were pretty ugly for Q4. The net income and dividend [...]
Frontline sells VLCC