GasLog (Buy, TP: USD17.00) - It is that time of the year
GasLog today announced that it has completed financing for its newbuild programme, and declared a special dividend of USD0.38 per common share, to be paid on December 31. The announcement underscores the company’s outlook for a strong 2020. Total dividend payments in 2020 now equal USD0.98/share, representing a yield of 10% to the current share price. We expect the shares to be up 4–5% in today’s trading.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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