Ocean Yield announced after closing time on Monday that the company in the third quarter will take write-downs of 130 million dollars in connection with two of the company’s vessels. This will reduce the equity ratio to 26.1 per cent and means, as the analysts in DNB Markets see it, that the company still has a buffer of USD 40 million down to the loan requirement of an equity ratio of 25 per cent.
At the same time, however, the company reiterates that it will pay a stable dividend. After the previous quarter, the dividend was $ 0.05 per share. action.
«If the company maintains this payment in the future, it will in our estimates mean a payout ratio of around 50 per cent and an increase in the equity ratio again by 0.7 percentage points per. quarter “, it is said in an update from the brokerage house on Tuesday.
Ocean Yield closed on Monday at NOK 21.80 per. before any changes, DNB Markets has a buy recommendation for the share, with a price target of NOK 26 per share. action.
In the past year, the share has been down 56.1 percent on the Oslo Stock Exchange.