Combining growth and income can be extremely valuable when investing in the stock market. While dividends can provide a stable and consistent stream of cash, the potential for growth can lead to capital appreciation. These three stocks have provided significant income to shareholders and are expected to keep doing so. Additionally, they show avenues for solid growth.
Frontline: Income the Size of an Oil Tanker
First up is Frontline PLC (NYSE: FRO). Frontline operates a fleet of oil tankers. As of Jun. 30, 2024, the company operated 82 vessels. The company operates these ships using various ownership structures. These include outright ownership, leasing, and charter agreements. Over the past three years, the company's trailing twelve-month revenues have seen very strong growth. Revenue has achieved a compound annual growth rate of 35% over that period.
This has coincided with the company's share price rising 175% over the last three years. That big rise in share price has also given shareholders big dividends. Over the past twelve months, the company's dividend yield is 7.9%. Its dividend yield has fluctuated widely over time from 0% to upwards of 20%. However, over the last 10 years, its average is 7.2%.
In addition, analysts see the company maintaining strong revenue and earnings per share growth. Analysts expect those figures to rise at a compound annual rate of 20.8% and 9.7%, respectively. Furthermore, Wall Street ...
