Is This 30% Yield Dividend Stock Sustainable?

Some companies hardly grow in size, as there could be limitations that keep them small. However, GOGL has had tremendous growth since it went public in 2004. GOGL owns over 67 dry bulk vessels and had 11 vessels chartered in on a period time charter. On top of this, another 18 vessels are set to join the fleet. It brings the fleet to 96 vessels. Those that follow the maritime industry in general, and the bulk sector in particular, will know the high volatility in earnings. It goes from feast to famine quite regularly, and it does not have to take a long time to do this.

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