Globus Maritime is a holding company. Through its subsidiaries, Co. is an integrated dry bulk shipping company, providing marine transportation services on a worldwide basis. Co. owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Co.'s operations are managed by its wholly owned subsidiary, Globus Shipmanagement Corp., which provides in-house commercial and technical management for its vessels and provides consulting services for an affiliated ship-management company. All of Co.'s Supramax vessels are geared, which can operate in ports with minimal shore-side infrastructure. The GLBS stock yearly return is shown above.
The yearly return on the GLBS stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2023 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the GLBS annual return calculation with any dividends reinvested as applicable (on ex-dates).
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