Investors Spotlight: Frontline plc’s Oversold Status and High Dividend Yield

After analyzing thousands of dividend stocks, Dividend Channel ranks Frontline plc (Symbol: FRO) as a compelling option for investors. Its strong fundamentals and appealing valuation currently place it in the top 50% of dividend stocks, indicating it’s worth a closer look.

On Wednesday, Frontline plc’s shares dropped to an enticing low of $19.24, signaling an oversold condition. Using the Relative Strength Index (RSI), a key technical indicator, stocks are deemed oversold when their RSI falls below 30. Frontline’s current RSI stands at 28.9, well below the average of 50.4 for dividend stocks analyzed by Dividend Channel. This decline in stock price enhances the opportunity for dividend investors to secure a higher yield. Presently, FRO offers an annualized dividend of $2.48 per share, translating to a remarkable yield of 12.56% based on the recent share price of $19.75.

For investors with a bullish outlook, the low RSI of 28.9 might suggest that recent selling pressure is fading, prompting potential buy opportunities. It is essential for dividend investors to evaluate Frontline’s dividend history when considering their investment stance.

While dividends can be unpredictable, examining FRO’s historical chart can offer insights into the sustainability of its recent payouts.

Discover 9 other oversold dividend stocks worth knowing about »

Additional Resources:

• NVEI shares outstanding history
• TUP Historical Stock Prices
• Institutional Holders of FRI

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.