Is This Shipping Industry Dividend Stock a Winner for the Coming Year?
Weighing anchor on a successful, profitable third quarter, dry bulk shipping company Golden Ocean Group (NASDAQ: GOGL) isn't really a household name -- but the stock price skyrocketed close to 15% after an upbeat Q3 earnings release on Nov. 24. A large boost to its dividend also helped Golden Ocean's sizzling Wall Street gains.
The company's sails are currently filled by a favoring wind, but it also operates in a highly cyclical industry, raising questions about how long its gains will last.
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Source Fool.com
