Dividend Growth of Frontline Ltd.(FRO)

Frontline Ltd.(FRO) is having a Dividend Yield of 5.71% with the Annual cash Dividend per share of $1.05. The last quarter cash dividend per share pay out was $0.1. Frontline Ltd. has a 5 year average dividend yield of 2.96% and the stock has a Indicated annual dividend of $0.4. Frontline Ltd.(FRO) formally announced its most recent dividend on November 30, 2016 with a Dividend per share of $0.1. The new indicated annual dividend based on announced dividend per share is $0.4. The dividend yield based on the forward looking indicated annual dividend is 5.71%.

Frontline Ltd. (NYSE:FRO) witnessed a decline in the market cap on Thursday as its shares dropped 1.14% or 0.08 points. After the session commenced at $6.98, the stock reached the higher end at $7.0371 while it hit a low of $6.92. With the volume soaring to 551,204 shares, the last trade was called at $6.93. The company has a 52-week high of $10.41. The company has a market cap of $1,177 million and there are 169,809,320 shares in outstanding. The 52-week low of the share price is $6.66. Shares of Frontline Ltd. appreciated by 2.67% during the last five trading days but lost 2.12% on a 4-week basis. Frontline Ltd. has dropped 5.7% during the last 3-month period . Year-to-Date the stock performance stands at -2.53%.

Currently the company Insiders own 48.08% of Frontline Ltd. shares according to the proxy statements. Institutional Investors own 8.8% of Frontline Ltd. shares. Frontline Ltd. Last issued its quarterly earnings results on Nov 24, 2015. The company reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.08.Analysts expectations of $ 95.97.During the same quarter in the previous year, the company posted $-0.15 EPS.

FRONTLINE LTDs business strategy is primarily based upon the following principles: emphasising operational safety and quality maintenance for all of its vessels; complying with all current and proposed environmental regulations; outsourcing technical operations and crewing; achieving low operational costs of vessels; achieving high utilisation of its vessels; competitive financing arrangements; and develop relationship to main charterers.


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