This company's forward dividend yield is 11.35%, with a low 38% dividend payout ratio. Management estimates that it will have lower drydocking expenses in Q3, and a higher dividend. It's selling at a 22% discount to Book Value. They paid down $203M in debt in 2021, and are paying down $8.75M/quarter in 2022 on a voluntary basis, with a medium-term target of reaching no debt. Management has adopted a new Value strategy over the past ~year, focusing on 3 elements - dividends, deleveraging, and growth.
If you're looking for value in a high yield investment, take a look at Genco Shipping & Trading Ltd. (NYSE:GNK). Genco Shipping & Trading Limited is an international ship owning company. We transport iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. Its wholly owned modern fleet of dry cargo vessels consists of Capesize, Ultramax and Supramax vessels that provide an essential link in international trade. Looking forward to Q3 '22, management expects the dividend to increase, due to lower drydocking expenses. They front-loaded those expenses into Q2 '22, and were still able to declare a $.50 dividend.
Source: Seeking Alpha
Related Articles:
11% Yield, Low Debt, Higher Dividends Ahead
Posted by D4L | Thursday, September 08, 2022 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
Long-term investors know that dividends can have a major impact on returns over time. When the stock market is struggling to make gains like...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
We decided to go on a hunt for quality stocks that for one reason or another have been buried, and not just this year. We found three incred...
-
Buy and hold ... forever? It's a tall order, but a select few companies are potentially up to the task. You can build a wealth-compoundi...
-
Dividend stocks can be consistent market-beaters. However, empirical research shows that the best dividend stocks tend to generate better-th...
-
High-quality dividend stocks are always worth loading up on. This is doubly true for companies that offer shareholders an attractive mix of ...
-
Some dividend-paying companies have seen their financials struggle over the years. These companies become vulnerable to dividend cuts which ...
-
Numerous high-quality dividend opportunities are up for grabs at the moment, which may be appealing to some investors given the uncertainty ...
-
Essentially, we’re looking for more Apples – tech firms with a large market cap (at least $1-billion) and the financial means necessary to p...
-
With last year’s price surge still echoing, investors need a well thought-out game plan. However, there’s a silver lining. While the allure ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.