Cool Company: Still Cool Despite The Dividend Cut [Seeking Alpha]
Cool Company Ltd. Common Shares (CLCO)
Company Research
Source: Seeking Alpha
KD Research 1.97K Follower s Follow Play 10min Summary Recent weakness in day rates and dividend cuts caused a steep decline in Cool Company share price. CLCO reported stable quarterly revenues and EBITDA. Realized loss from derivatives trading impacted the company's bottom line. Despite recent dividend cuts and higher OPEX, CLCO's modern fleet and $1.1 billion backlog ensure revenue predictability and dividend safety. Neither 3Q24 results were that bad, nor was the dividend cut extraordinary. My conviction in CLCO has not changed. I give CLCO again a Strong Buy rating. alvarez Note: I previously covered Cool Company ( NYSE: CLCO ) in October 2024. The company has a quality fleet, robust financials, and a balanced dividend policy. At the time of publication, CLCO traded at 77% PNAV. I gave it a Strong Buy. This article was written by KD Research 1.97K Follower s Follow I am a voracious reader and self-taught investor. In the past, I was an accountant i
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CLCO
News
- Cool Company Ltd. - Increase in Share CapitalBusiness Wire
- Cool Company Ltd - Vesting of Restricted Stock Units to Primary Insiders and Mandatory Notification of Trades [Yahoo! Finance]Yahoo! Finance
- Cool Company Ltd - Vesting of Restricted Stock Units to Primary Insiders and Mandatory Notification of TradesBusiness Wire
- Cool Company Ltd - Ex-DividendBusiness Wire
- Cool Co Ltd (CLCO) Q3 2024 Earnings Call Highlights: Navigating Market Challenges with ... [Yahoo! Finance]Yahoo! Finance
CLCO
Sec Filings
- 11/21/24 - Form 6-K
- 10/25/24 - Form SC
- 9/25/24 - Form 6-K
- CLCO's page on the SEC website