Frontline's Disappearing Dividend 'Speaks Volumes' On Tanker Fears
Frontline (NYSE: FRO) — the last of the big public tanker owners to post earnings — just gave shipping investors more to worry about over the holidays.
First came the surprise decision to pay no dividend. As Jefferies analyst Randy Giveans put it: "No dividend stocking stuffer" for Q3 and probably for Q4 or Q1. Then came talk of a particularly opaque outlook and even whispers of a resurgence in newbuild interest.