Gram Car Carriers’ (OB:GCC) Shareholders Will Receive A Bigger Dividend Than Last Year

Gram Car Carriers ASA (OB:GCC) has announced that it will be increasing its dividend from last year’s comparable payment on the 10th of November to $7.19. Despite this raise, the dividend yield of 9.8% is only a modest boost to shareholder returns.

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Gram Car Carriers Is Paying Out More Than It Is Earning

If it is predictable over a long period, even low dividend yields can be attractive. Prior to this announcement, Gram Car Carriers’ dividend was comfortably covered by both cash flow…