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Re: Eurotradr post# 1059

Wednesday, 05/20/2020 7:39:24 AM

Wednesday, May 20, 2020 7:39:24 AM

Post# of 1286
Dividend increase is substantial-- $0.20 for the next quarter.

There is no way to determine if they can maintain that rate for a couple of more quarters. I would presume that the company is also substantially paying down its long term debt. And with debt paydown comes a reduction in debt service.

Suezmax rates going forward is key to keeping a $.020 quarterly rate. A full year of this is $0.80--not a bad yield at these prices.


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