Shares of dry bulk shipper Golden Ocean Group (NASDAQ: GOGL) are looking a lot more lustrous in investors' eyes today after the company reported third-quarter earnings on Tuesday after the market closed. Besides the company's success in handily beating analysts estimates on both the top and bottom lines, the announcement of a dividend hike provided a motivation for investors.
As of 11:16 a.m. ET today, shares of Golden Ocean Group are up 9.9%, having retreated slightly from a rise of 11%.
Image source: Getty Images.
For further details see:Why Shares of Golden Ocean Group Are Soaring Today