This is one of those companies that must give back profits to the shareholders and averages a 17% return. Mostly in ordinary dividends and some as return on capital. Also they have really big ships! Suez Canal Class. There chart shows distinct buy and sell trends over the year. Just need to do some research on what the US requires for claiming ordinary dividends and having to hold for 60-days in the 121 days prior to an ex-dividend date.
FRONTOLINE, LTD.
Frontline, Ltd., through subsidiaries, engages primarily in the ownership and operation of oil tankers, including oil/bulk/ore (OBO) carriers. The company primarily transports crude oil, as well as raw materials like coal and iron ore. It operates tankers of two sizes, very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons (dwt); and Suezmaxes, which are vessels between 120,000 and 170,000 dwt. Its VLCCs are used for the transportation of crude oil from the Middle East Gulf to the Far East, Northern Europe, the Caribbean, and the Louisiana Offshore Oil Port. Frontline's Suezmax tankers are used for trading primarily in the Atlantic Basin and the Middle East to south east Asia. Its OBO carriers transport oil and dry cargo. The company also engages in the charter, purchase, and sale of vessels. Its customers include oil companies, petroleum products traders, government agencies, and various other entities. As of May 31, 2007, Frontline's tanker fleet consisted of 81 vessels. The company was founded in 1948 and is based in Hamilton, Bermuda.
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