Torm Plc (TRMD) To Go Ex-Dividend on May 28th

Torm Plc (NASDAQ:TRMD) announced a quarterly dividend on Wednesday, May 13th. Shareholders of record on Thursday, May 28th will be given a dividend of 0.70 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Thursday, May 28th.

Torm has raised its dividend by an average of 0.1%per year over the last three years. Torm has a dividend payout ratio of 78.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Torm Price Performance

Shares of NASDAQ TRMD opened at $31.56 on Friday. Torm has a 1-year low of $15.79 and a 1-year high of $35.33. The business has a 50-day moving average of $29.48 and a 200-day moving average of $25.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.33 and a quick ratio of 1.16. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 9.28 and a beta of 0.14.

Torm (NASDAQ:TRMD) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.15). The business had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $297.43 million. Torm had a net margin of 24.45% and a return on equity of 16.03%.

Torm Company Profile

Torm A/S (NASDAQ: TRMD) is an international shipping company specializing in the transportation of refined petroleum products. The firm owns and operates a modern fleet of product tankers, including both Handysize and MR vessels, which are designed to carry a broad range of clean petroleum cargoes such as gasoline, jet fuel and diesel. Torm’s core business revolves around voyage and time-charter contracts with major oil companies, trading houses and other energy sector clients around the world.

The company’s fleet is deployed on global trade routes, with particular focus on major refining and consumption regions in Europe, North America and Asia.