TORM Dividends and Buybacks
Dividend criteria checks 3/6
TORM is a dividend paying company with a current yield of 25.03% that is well covered by earnings. Next payment date is on 4th December, 2024 with an ex-dividend date of 20th November, 2024.
Key information
25.0%
Dividend yield
-0.6%
Buyback Yield
| Total Shareholder Yield | 24.5% |
| Future Dividend Yield | 14.0% |
| Dividend Growth | 27.8% |
| Next dividend pay date | 04 Dec 24 |
| Ex dividend date | 20 Nov 24 |
| Dividend per share | €5.780 |
| Payout ratio | 74% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 1T4 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1T4's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| TORM Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (1T4) | 25.0% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.8% |
| Industry Average (Oil and Gas) | 2.8% |
| Analyst forecast (1T4) (up to 3 years) | 14.0% |
Notable Dividend: 1T4's dividend (25.03%) is higher than the bottom 25% of dividend payers in the German market (1.67%).
High Dividend: 1T4's dividend (25.03%) is in the top 25% of dividend payers in the German market (4.86%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.8%), 1T4's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (178.8%), 1T4's dividend payments are not well covered by cash flows.