Golden Ocean Group Limited (NASDAQ:GOGL) has announced that it will be increasing its dividend from last year’s comparable payment on the 25th of March to $0.30. Although the dividend is now higher, the yield is only 4.5%, which is below the industry average.
While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Golden Ocean Group’s stock price has increased by 37% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield.
See our latest analysis for Golden Ocean Group
Golden Ocean Group’s Dividend Is Well Covered By Earnings
If it is predictable over a long period, even low dividend yields can be attractive. Based on the last payment, earnings were actually smaller than the dividend, and the company was actually spending…
