Frontline plc announced it will sell two very large crude carriers (VLCCs) built in 2017 for a total of $270 million, with delivery expected in Q3 2026. After repaying vessel debt, the company expects net cash proceeds of about $179 million and a gain of approximately $110 million in Q3 2026. The Board plans to return the $179 million to shareholders via a one-time special dividend of $0.80 per share, aligning with its strategy to return cash to investors. The sale is subject to standard closing conditions and regulatory approvals.
Ethereum's euro-denominated stablecoin market cap grew by $32 million in the past 30 days, making up most of a $39.9 million increase across three networks. This growth highlights Ethereum's dominance with a 69.5% market share in a sector that expand...
The Amplify CEF High Income ETF (YYY) invests in 60 closed-end funds (CEFs) chosen for yield, discount, and liquidity, providing a strong 13.3% distribution yield. However, the fund has shown significant and consistent underperformance compared to it...
This week, 10 notable stocks including McDonald's (MCD), Microsoft (MSFT), JPMorgan Chase (JPM), and Ingredion (INGR) announced dividend increases. Microsoft stands out for its high quality rating, low payout ratio, and dividend safety, though its yi...
Best Buy reported strong quarterly earnings, but ongoing economic issues like poor consumer sentiment, high inflation, and energy costs raise concerns. The analyst believes the current stock price is overvalued and does not justify holding the stock....
LG Display has introduced the world's first 24.5-inch 720Hz Gaming OLED panel designed specifically for esports monitors. This panel offers the highest refresh rate of 720Hz and an ultra-fast response time of 0.02ms, significantly reducing motion blu...
