Frontline Ltd. (the “Company” or “Frontline”), today reported unaudited results for the three months and year ended December 31, 2019: Highlights Highest quarterly net income in more than eleven years of $108.8 million, or $0.55 per diluted share for the fourth quarter of 2019, excluding $8.7 mill Please fill out the form below and click "Place Order" to complete your order. 1. Repaid $60 million of its $275.0 million senior unsecured facility in the second quarter of 2020. September Blues Linger: Buy 5 Low-Volatility Stocks NowWith things not looking up for the market in September, investors should build a strategy on low-risk assets. Buy Cheaper Than Insiders Did, Top Ranked Dividend Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
The announcements are supplied by the denoted source. The actual rates to be earned in the third quarter of 2020 will depend on the number of additional days that we can contract, and more importantly the number of additional days that each vessel is laden. Shipping Information. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Ballast days are days when a vessel is sailing without cargo and therefore unable to recognize revenues. NAV, EMM/EPT, Rule 8 and FRN Variable
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Request Information. We expect the spot TCEs for the full third quarter of 2020 to be lower than the TCEs currently contracted, due to the impact of ballast days at the end of the third quarter as well as current weaker rates. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes. Rate Fix announcements are filtered from this site. The Board of DirectorsFrontline Ltd.Hamilton, BermudaAugust 26, 2020, Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS+47 23 11 40 84, Inger M. Klemp: Chief Financial Officer, Frontline Management AS+47 23 11 40 76. this site. Please note, this site uses cookies. Signed a senior secured term loan facility in July 2020 in an amount of up to $328.6 million to refinance an existing loan facility maturing in December 2020. (ranked lower than approx. Declared a cash dividend of $0.50 per share for the second quarter of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e have good visibility in our third quarter results based on our contracted spot days as well as our charter coverage. The reporting of revenues on a load-to-discharge basis results in revenues being recognized over fewer days, but at a higher rate for those days. All rights reserved. Through its subsidiaries, Co. is engaged primarily in the ownership and operation of oil and product tankers. Through its subsidiaries, Co. is engaged primarily in the ownership and operation of oil and product tankers. By clicking "I Agree" below, you acknowledge that you accept our. FRO Description — Frontline Ltd. Frontline is a holding company. Reported total operating revenues of $387.1 million for the second quarter of 2020. Energy Stocks You Can Buy Cheaper Than Insiders Did, 10 Metals Stocks Crossing Above Their 200 Day Moving Average, 10 Stocks Co. operates oil tankers of two sizes: very large crude carriers, and Suezmax tankers and operates … The rates reported are for all days up until the last contracted discharge of cargo for each vessel in the quarter. Dividend Thu, Sep 24, 4:20 AM, Zacks We caution readers of this report not to place undue reliance on these forward-looking statements, which speak only as of their dates. [])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])+!![]+!![])+(+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(+!![]))/+((!+[]+(!![])+!![]+!![]+!![]+!![]+[])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])-[])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![])+(+!! Yields Got More Juicy, 10 Must-Know Frontline has a very high dividend yield, both in cash and in Ship Finance (SFL) stocks; for example, in late 2007 its annual dividend ran between 12 and 18%, depending on the fluctuating share price. The best way to go about doing this is by creating a portfolio of low-beta stocks. ©