Consistent Dividend Payout
Announced the 85th consecutive dividend of $0.27 per share, returning over $2.8 billion to shareholders over 85 quarters, representing a yield of approximately 13% based on the share price.
Strong Charter Backlog
Charter backlog stands at $4.2 billion, with more than two-thirds of this from customers with investment-grade ratings, providing unique cash flow visibility and resilience.
High Fleet Utilization
Overall fleet utilization was 98.6%, with shipping fleet utilization at 99.8%, showcasing the high quality of vessel management.
Operational Improvements and Upgrades
Several vessels upgraded in the quarter, boosting cargo intake and fuel efficiency, contributing to higher charter extensions.