Golden Ocean Group Limited (GOGL) Dividends

Golden Ocean Group Limited (GOGL): $15.26

0.55 (+3.74%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Industry: Shipping


Ranked

of 45

in industry

Dividend Yield and Dividend History Highlights

  • As for its free cash flow/dividend ratio, GOGL's comes in at -16.1 -- better than 9.4% of other US-listed dividend issuers.
  • GOGL has an EBITDA to net debt ratio of 0.02; for context, that's better than 8.22% stocks in our set.
  • If price volatilty is something you're paying attention to when building your dividend portfolio, know that GOGL has less fluctuation in its price than 4.99% of stocks we're observing.
  • If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with GOGL that may be suitable potential portfolio mates: FTV, ATHM, CTXS, CALM and NVS.
GOGL Ex-Dividend Date
GOGL Dividend Yield
24.47%
GOGL Annual Dividend
$3.60
GOGL Payout Ratio

GOGL Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$15.26$44.37 264.31%

For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. Regarding Golden Ocean Group Ltd, the DDM model generated by StockNews estimates a return of positive 264.31% in comparison to its current price. To help understand and contextualize the model's evaluation of GOGL, investors may wish to consider are:

  • Compared to other US stocks that pay a dividend, GOGL offers a dividend yield in the top 0.170000000000002% of stocks in our set.
  • In comparison to other US listed dividend yielding stocks in the Industrials sector, Golden Ocean Group Ltd's expected return of 264.31% is higher than 95.22% of its fellow sector mates.
  • Compared to all dividend issuing stocks in our set, GOGL has a discount rate lower than 95.22% of them (a lower discount rate is associated with lower risk).
  • Beta is a measure of volatility relative to the stock market at large; when evaluated against its peers in the small-sized revenue class, Golden Ocean Group Ltd has a beta lower than 5.16% of such peers.

GOGL Dividend Chart


GOGL Dividend History

Ex-Dividend Date Type Payout Amount Change
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GOGL Dividends vs. Peers

GOGL's dividend yield currently ranks #4 of 60 vs. its peers in the Shipping category.
Rank Symbol Name Dividend Yield
1 OP OceanPal Inc. 36.04%
2 ZIM ZIM Integrated Shipping Services Ltd. 30.64%
3 SBLK Star Bulk Carriers Corp. 26.77%
4 GOGL Golden Ocean Group Limited 26.03%
5 DSX Diana Shipping inc. common stock 15.47%
6 OSGB Overseas Shipholding Group Inc 14.04%
7 LPG Dorian LPG Ltd. 13.02%
8 GNK Genco Shipping & Trading Ltd. 12.87%
9 EGLE Eagle Bulk Shipping Inc. 12.86%
10 KNOP Knot Offshore Partners LP 12.48%
11 GRIN Grindrod Shipping Holdings Ltd. 12.08%
12 AMKBY A.P. Møller - Mærsk A/S 9.29%
13 SHIP Seanergy Maritime Holdings Corp 9.09%
14 SFL Ship Finance International Limited 7.36%
15 SSW Seaspan Corporation Seaspan Corporation Common Shares 5.05%
16 GSL Global Ship Lease Inc. Cl A 4.61%
17 TRTN Triton International Ltd. 4.31%
18 PANL Pangaea Logistics Solutions Ltd. 3.85%
19 CPLP Capital Product Partners L.P. 3.81%
20 DAC Danaos Corporation 3.76%
21 NPNYY Nippon Yusen 3.72%
22 GLOG GasLog Ltd. Common Shares 3.45%
23 CMRE Costamare Inc. 3.41%
24 TGH Textainer Group Holdings Ltd. 3.20%
25 CAI CAI International, Inc. 2.14%
26 NAT Nordic American Tankers Limited 1.59%
27 NNA Navios Maritime Acquisition Corporation Common stock 1.44%
28 MATX Matson, Inc. 1.36%
29 SB Safe Bulkers Inc. 1.24%
30 INSW International Seaways, Inc. 1.09%
31 SALT Scorpio Bulkers Inc. 1.00%
32 TNP Tsakos Energy Navigation Ltd Common Shares 0.90%
33 GLOP GasLog Partners LP Common Units representing limited partnership interests 0.82%
34 NMM Navios Maritime Partners L.P. 0.72%
35 NM Navios Maritime Holdings Inc. 0.00%
36 EDRY EuroDry Ltd. 0.00%
37 DLNG Dynagas LNG Partners LP 0.00%
38 TK Teekay Corporation 0.00%
39 GASS StealthGas, Inc. - common stock 0.00%
40 OSG Overseas Shipholding Group, Inc. 0.00%
41 TOPS TOP Ships Inc. 0.00%
42 KEX Kirby Corporation 0.00%
43 TNK Teekay Tankers Ltd. 0.00%
44 CRU Crude Carriers Corporation 0.00%
45 SINO Sino-Global Shipping America, Ltd. 0.00%
46 TOO Teekay Offshore Partners L.P. Common Units representing Limited Partner Interests 0.00%
47 GLBS Globus Maritime Limited 0.00%
48 DSS Document Security Systems, Inc. 0.00%
49 NVGS Navigator Holdings Ltd. 0.00%
50 GLNG Golar LNG Limited 0.00%
51 ESEA Euroseas Ltd. 0.00%
52 NMCI Navios Maritime Containers L.P. 0.00%
53 TRMD TORM plc 0.00%
54 ASC Ardmore Shipping Corporation 0.00%
55 GNRT Gener8 Maritime, Inc. 0.00%
56 PXS Pyxis Tankers Inc. 0.00%
57 DRYS DryShips Inc. 0.00%
58 PSHG Performance Shipping Inc 0.00%
59 CTRM Castor Maritime Inc. 0.00%
60 MSLOY Mitsui O.S.K. Lines, Ltd. 0.00%

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