company-logo

OceanPal Inc. focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of November 29, 2021, its fleet consisted of 3 dry bulk vessels, which include 2 Panamax and 1 Capesize vessels. The company is based in Athens, Greece.

OceanPal Dividend Announcement

OceanPal announced a quarterly dividend of $10.00 per ordinary share which will be made payable on 2022-08-31. Ex dividend date: 2022-08-11
OceanPal's trailing twelve-month (TTM) dividend yield is -%
OceanPal's payout ratio for the trailing twelve months (TTM) is -16.19%

OceanPal Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-08-11$10.00quarterly2022-08-31
2022-06-13$10.00quarterly2022-06-21
2022-03-31$50.00quarterly2022-04-11

OceanPal Dividend per year

OceanPal Dividend Yield

OceanPal current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing OceanPal stock? Use our calculator to estimate your expected dividend yield:

OceanPal Financial Ratios

P/E ratio-0.88
PEG ratio-0.03
P/B ratio0.14
ROE-14.26%
Payout ratio-16.19%
Current ratio12.38
Quick ratio12.27
Cash Ratio3.94

OceanPal Dividend FAQ

Does OceanPal stock pay dividends?
OceanPal does not currently pay dividends to its shareholders.
Has OceanPal ever paid a dividend?
No, OceanPal has no a history of paying dividends to its shareholders. OceanPal is not known for its dividend payments.
Why doesn't OceanPal pay dividends?
There are several potential reasons why OceanPal would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will OceanPal ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While OceanPal has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is OceanPal a dividend aristocrat?
OceanPal is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is OceanPal a dividend king?
OceanPal is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is OceanPal a dividend stock?
No, OceanPal is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy OceanPal stocks?
To buy OceanPal you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy OceanPal stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.