Stock Recommendation: FRO
Frontline LTD (FRO) is going to make you some serious money as it pays out ultra-high dividends as it yields at 12.80% at the market close on 07/05/2007.
I found this stock when my friend, who is also into the investing stock market, and I were screening for stock then found this stock because we were seeking in generating the cash flow from the dividends so we decided to buy that stock and we have earned very impressive returns including a spin off:
- Dividends
- 1st Quarter 2007: $433 invested at 12.5 shares, $25.56 dividend reinvested at $2.05 per share payout
- 2nd Quarter 2007: $1810 invested at 50.4 shares, $75.64 dividend reinvested at $1.50 per share payout
- Spinoff
- Received 1.3 shares of SPF at no purchase cost during the 1st Quarter 2007
Jim Cramer and other stock analysts gave this stock thumbs down and I am sure very glad that I did not listen to those guys because I have recieved some serious cash for small amount of money invested! As one financial advisor predicts that this stock can go as high as $55 per share along with its high dividend payout so it seems possible to happen. Buy it while its hot!
