Prosafe SE: Bullish Momentum To Continue For This 8% Dividend Yielder
- Prosafe SE, owner and operator semi-submersible accommodation vessels has surged by 22% in two months and this rally is likely to sustain.
- Prosafe offers investors a robust dividend yield of 8% (FY14 guidance) and the dividend is sustainable on a strong order backlog of $2.2 billion.
- Revenue growth and EPS growth will be aided by the delivery of two accommodation vessels in 2015 and two in 2016.
- Recent long-term contracts and contract extensions ensure that the next two year outlook remains positive and dividend keeps growing.