- The underfollowed liquefied petroleum gas shipping company Dorian LPG has recently declared its first-ever dividend.
- This could see a very high possible 10%+ dividend yield in the makings thanks to their ample free cash flow.
- Even amidst a soft quarter, they still provided a very high free cash flow yield of over 20%, thereby seeing ample scope to fund a very high 10% dividend yield.
- Whilst their leverage is high, it stems from the soft earnings and thus their financial position is still healthy thanks to their strong liquidity.
- Even if they never declare any future dividends, their very high double-digit free cash flow yield means that I still believe that a bullish rating is appropriate.
For further details see:
Dorian LPG: A Possible 10%+ Yield In The Makings