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Cyprus , Thursday 16 April 2026

Is Frontline's 20% Dividend Too Good To Be True?

Published on: Tuesday 06 June 2023

Is Frontline's 20% Dividend Too Good To Be True? The Cyprus-based tanker firm Frontline (NYSE: FRO), on May 31, posted stellar earnings of $0.90 per share and declared a $0.70 dividend. Given the company's stock price of $13.70, this makes for a mouth-watering annualized yield of over 20%. But the question arises, can this be sustained? Frontline: A Quick Primer on the Tanker Market Operating within the crude oil tanker industry, Frontline's fleet comprises 66 vessels utilized for transporting...


News source: https://www.msn.com/en-us/money/markets/is-frontlines-20-dividend-too-good-to-be-true/ar-AA1ccpsj

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