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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2022-08-11 | $10.00 | quarterly | 2022-08-31 |
2022-06-13 | $10.00 | quarterly | 2022-06-21 |
2022-03-31 | $50.00 | quarterly | 2022-04-11 |
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
OceanPal Dividend FAQ
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.
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