Golden Ocean Group Ltd (GOGL) Declares Quarterly Dividend of $0.03

Golden Ocean Group Ltd (NASDAQ:GOGL) announced a quarterly dividend on Wednesday, May 22nd, NASDAQ reports. Investors of record on Thursday, June 6th will be given a dividend of 0.025 per share by the shipping company on Thursday, June 20th. This represents a $0.10 annualized dividend and a yield of 1.86%. The ex-dividend date is Wednesday, June 5th.

GOGL opened at $5.37 on Thursday. The firm has a market capitalization of $751.66 million, a P/E ratio of 8.95 and a beta of 1.92. Golden Ocean Group has a 12 month low of $4.61 and a 12 month high of $10.05. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.58.

Golden Ocean Group (NASDAQ:GOGL) last issued its quarterly earnings results on Wednesday, May 22nd. The shipping company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.08. Golden Ocean Group had a net margin of 12.89% and a return on equity of 5.65%. The firm had revenue of $91.81 million for the quarter, compared to analysts’ expectations of $74.48 million. As a group, equities analysts forecast that Golden Ocean Group will post -0.38 EPS for the current year.

Several equities research analysts have commented on GOGL shares. BidaskClub cut shares of Golden Ocean Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. Zacks Investment Research raised shares of Golden Ocean Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, ValuEngine raised shares of Golden Ocean Group from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Golden Ocean Group currently has an average rating of “Hold” and a consensus target price of $10.31.

COPYRIGHT VIOLATION WARNING: This news story was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at

Golden Ocean Group Company Profile

Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. It owns and operates a fleet of dry bulk vessels, including Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers.

See Also: Short Selling Stocks, A Beginner’s Guide

Dividend History for Golden Ocean Group (NASDAQ:GOGL)

Receive News & Ratings for Golden Ocean Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Ocean Group and related companies with's FREE daily email newsletter.