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General Maritime (GMR)

Stock (Energy Industry, Shipping Industry, Transportation Industry)

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Company: General Maritime (GMR)
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100%
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1 votes

edit Balanced fleet gives balance plus opportunity to earnings

Top Contributor: Tim Plaehn | Created when GMR was $24.09 | Edit | History

GMR has 62% of their fleet on time charter and the remaining 38% on the spot market. This give the company steady earnings from the time charters plus the chance for greater returns when spot market rates are high.

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1 votes

edit Company is committed to steady dividend and returning shareholder value

Top Contributor: Tim Plaehn | Created when GMR was $23.83 | Edit | History

GMR has committed to keep the dividend at $2.00 per year giving the stock a current yield of over 8%. The company has also issued special dividends and share buy backs in the past with excess cash to increase the payouts to shareholders. Of course, bad financial results could cause a change in the dividend.

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1 votes

edit Fleet being tied up means the company is better able to survive downturns

Top Contributor: David Sun | Created when GMR was $25.10 | Edit | History

GMR's strategy of employing lots of its fleet in cycle independent time charters will keep the company going strong while its competitors do poorly in the next downturn.

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