$BOAT An ETF that tracks shipping companies and logistics.
I have had various shipping companies on my watchlist for some time now and some of them also have small positions in my portfolio - e.g. $FRO (+2,96%) (Tanker crude), $TRMD A (+3,61%) (Tanker product), $HAFNI (+0,74%) (Tanker product). All of them currently have insanely high dividends and, of course, there is always the thought that in a volatile and cyclical market a shipping company can sometimes be destroyed.
In the case of the above-mentioned paper, however, you would have a whole bunch of such companies and still an insanely high dividend. 🧨🗯
What are your thoughts on this?
