Vlccf is one of the few shippers that has the majority of their fleet on long term contracts. I believe they have only one ship in the spot market. This does welll for the even flow of income. They have been conservative in the dividend amounts. I have owned the stock since 2006 and have complained when the stock price goes down,but I look for a price to buy more. I have been pleased with the way the company runs their business.
I've also owned it on and off (always keeping a core position) over the past 4-5 yrs as well...JF runs a "variable dividend" policy on pretty much all of his entities ~ They fluctuate at times quite dramatically so if that bothers you (the Original Poster) stick with mutual funds where its safer and more predictable...glta!
ok so the dividend goes up and down..kinda like the stock price-the price of goods bought and sold- supply and demand- Now have you got some information that is not public about a cut or increase in dividend.
I have owned this stock for several years. The dividend is based upon the wellness of the industry. Right now the industry is not well. I expect a dividend cut in the next quarter based on ship layups and reduced cash flow. Economic weakness is magnified in this industry's outlook due to their leverage. The stock price is hinting at that even as we speak.