Why Shares of Golden Ocean Group Are Soaring Today

Shares of dry bulk shipper Golden Ocean Group (NASDAQ: GOGL) are looking a lot more lustrous in investors' eyes today after the company reported third-quarter earnings on Tuesday after the market closed. Besides the company's success in handily beating analysts estimates on both the top and bottom lines, the announcement of a dividend hike provided a motivation for investors. 

As of 11:16 a.m. ET today, shares of Golden Ocean Group are up 9.9%, having retreated slightly from a rise of 11%.

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Source Fool.com