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Non-Tech : Shipping - Oil & Gas Tankers, Dry cargo, LNG
GLNG 37.30-2.1%Dec 22 3:59 PM EST
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To: The Barracuda™ who wrote (2303)10/1/2023 6:42:18 PM
From: Selectric II  Read Replies (1) of 2670
 
I owned GNK until recently and look forward to getting back in at a better time for bulkers.

GNK already slashed its dividend to $0.15 for the past two quarters. Per Schwab, current yield is 4.29%, apparently calculated using the current $0.15 rate.

I think the prior 12%+ yield would have been based on past 4 qtrs., which included the 4th Qtr. '22 divvy of $0.78 and 1st Qtr. '23 of $0.50, before the cut to $0.15.

Thoughts on bulker SBLK and tankers ASC, LNG, STNG, TNK?

Have TRMD, too. Heard Ed Yardeni mention it positively last week - for the dividend.
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