Golden Ocean Group Dividend
Dividend criteria checks 2/6
Golden Ocean Group is a dividend paying company with a current yield of 5.3%.
Key information
5.3%
Dividend yield
93%
Payout ratio
| Industry average yield | 6.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | NOK 0.600 |
| Earnings per share | NOK 1.07 |
| Dividend yield forecast | 14.2% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GOGLO's dividend payments have been volatile in the past 10 years.
Growing Dividend: GOGLO's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Golden Ocean Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GOGLO) | 5.3% |
| Market Bottom 25% (GB) | 2.1% |
| Market Top 25% (GB) | 5.7% |
| Industry Average (Shipping) | 6.0% |
| Analyst forecast (GOGLO) (up to 3 years) | 14.2% |
Notable Dividend: GOGLO's dividend (5.3%) is higher than the bottom 25% of dividend payers in the UK market (2.09%).
High Dividend: GOGLO's dividend (5.3%) is low compared to the top 25% of dividend payers in the UK market (5.7%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (93.3%), GOGLO's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (69.1%), GOGLO's dividend payments are covered by cash flows.