5 Extreme Dividend Stocks With Upside Potential

3. Frontline Plc (NYSE:FRO)

Number of Hedge Fund Investors: 17

Another oil tanker company in our list, Frontline Plc (NYSE:FRO) in the third quarter earned $0.36 per share, missing estimates by $0.11. Revenue in the quarter fell about 1.3% year over year to $377.09 million, beating estimates by $128.29 million.

Answering a question about whether Frontline Plc (NYSE:FRO) has an official policy of paying 80% of earnings in dividends, Frontline Plc’s (NYSE:FRO) CEO Lars Barstad said:

“As you rightfully say, we don’t have a policy, but the expectation should be around 80%, and we’ll continue to do that, as long as the market allows us to do that. This is why we don’t really have a policy because we don’t want to be forced to pay out the dividend when it’s not kind of feasible from a financial perspective. So, this is basically at the discretion of our Board. But, we have a main shareholder who is more interested in dividends than you are, so I think you should expect that to continue going forward.”

Read the company’s earnings call transcript here.