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Ardmore Shipping Corp (ASC) owns and operates a fleet of mid-size products and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe.

The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters.

Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.

The company was founded in 2010 and is headquartered in Pembroke, Bermuda.

Three key data points gauge Ardmore Shipping Corp or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

ASC Price

Over the past year, Ardmore's share price increased about 6.7% from $14.10 to $15.05 as of Friday’s market close.

If ASC trades in the range of $11.50 to $20.00 this next year, its recent $15.05 share price might rise to $18.00 by next year. Of course, Ardmore’s price could drop about the same $2.95 estimated amount or more.

My annual upside estimate of $2.95 however, is about $0.60 under the median of one-year price targets estimated by five analysts tracking Ardmore for brokers.

ASC Dividend

Ardmore Shipping Corp has paid variable Quarterly dividends since November 2013, except for 2017-2019.  Ardmore’s most recent Q dividend of $0.16 was declared on November 7, 2023, to shareholders of record on November 29th. The payout was made on December 15th.

The forward-looking $0.64 annual dividend yields 4.25% at Friday’s $15.05 share price.

ASC Returns

To put it all together, add the estimated annual dividend of $0.64 to the price upside of $2.95 to find a $3.59 gross gain.

At Friday’s $15.05 share price, a little under $1000 would buy 66 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, would cost us about $0.15 per share.

Subtracting that likely $0.15 brokerage cost from the $3.59 gross gain produces a net gain of $3.44 X 66 shares = $227.04 for a 22.85% estimated net gain.

You might choose to pounce on Ardmore Shipping Corp It is a 14 year-old Bermuda based Shipping firm headquartered in Pembroke.

Furthermore, the estimated $42.50 of annual dividend income from $1k invested is about 2.8 times greater than ASC’s recent $15.05 single share price.

The exact track of the Ardmore Shipping Corp's ongoing future price and dividend will be determined by market action.

Remember the true value of any stock is best realized through personal ownership of shares.

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