We've been covering some high yield shipping stocks recently in our weekend articles, such as (GNK) and (SBLK). This week, we're taking a look at one that yields 14.44%. Its earnings soared by 3-digit %'s in Q1 '22 and full year 2021, and Q2 '22 should be another good quarter. Valuations, performance, debt load, and yield vs. its industry are covered in this article.
Golden Ocean Group Limited (NASDAQ:GOGL) is another high yielder in the marine shipping industry. GOGL owns and operates a fleet of 87 dry bulk vessels comprised of Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and long term charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. It was formed in 1996, and is based in Bermuda.
Source: Seeking Alpha
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