Global Shipping ETF BOAT surges 75% in a year but dividend payouts remain volatile amid freight rate swings.

The SonicShares Global Shipping ETF (BOAT) has gained about 75% over the past year, driven by high freight rates linked to the Strait of Hormuz blockade. It offers a trailing yield around 6.3%, but its dividend payments are highly variable, reflecting the cyclical nature of shipping cash flows. Rising fuel costs and potential reopening of the chokepoint pose risks to future payouts. Investors should view BOAT as a freight-rate proxy with fluctuating income rather than a stable dividend source.