Frontline Limited (FRO) is the world's largest oil tanker shipping company. They have a high dividend yield, as well as a significant debt load. The company has a young fleet and high earnings potential for the second quarter thanks to an oil contango trade. Looking further into the future, Frontline’s earnings are likely to fall from these exceptional levels but will remain at a level where the company can offer an attractive dividend yield for investors.
Future Earnings Potential
Frontline’s first and quarter earnings for 2020 were excellent as a result