Portfolio

Increase in a great dividen yielder

As Ocean Yield hit a low of 49,50 nok a share, I took advantage of the opportunity. Currently it yields $0,19 each quarter, but if the FPSO is not on contract early next year, the dividend will be cut to $0.16 or $0,64 annually. Even with the cut, it will yield around 10% a year, not counting expected growth. There is an option contract with Aker for the FPSO, but it might take a while for it to enter production. But in the meantime I’ll collect a 10%+ dividend.

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