Investors love dividend stocks, especially the ultra-high-yield variety because they offer a significant income stream and have massive total return potential.
It has been reported that of the 888 VLCCs (Very Large Crude Carriers) that are viable for trade worldwide, 95, or more than 10% of the fleet, currently reside under U.S. sanctions. Top analysts feel that the Trump administration’s “Maximum Pressure” stance could dramatically increase that number. The Jefferies analyst feels capacity utilization could reach 94% from the current 88%. They note that when utilization was last that high from 2019 to 2020, day rates hit a stunning $95,000 daily.
A new research report from the Jefferies Maritime Group makes a strong case for owning three top VLCC companies. All are rated Buy and pay ultra-high-yield dividends.
This post originally appeared at 24/7 Wall St.