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 21st 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 | 21 Nov 24 |
| Dividend per share | US$5.780 |
| Payout ratio | 74% |
Recent dividend and buyback updates
Recent updates
TORM plc: Double-Digit Yields And Attractive Discount To NAV (Rating Upgrade)
Nov 1222% Yielding TORM: A Very Buyable Crash (Rating Upgrade)
Sep 16How Good Is TORM's 22% Yield?
Sep 07TORM: Still Making Cash, A 15% Yield, And More Room To Run
Jul 25TORM PLC: Check Out That 16% Forward Yield
May 17TORM Stock Is Still Cheap And Well Positioned
May 01TORM plc: A Luring Dividend Yield And Skewed Risk Reward (Rating Downgrade)
Mar 27My TORM Pick In 2021 Smoked All Big Tech Gains
Feb 13TORM: Still Great Value To Be Unlocked
Jan 10TORM: Further Increase In Charter Equivalent Rates Would Mean Higher Stock Price
Sep 07TORM goes ex-dividend tomorrow
Aug 30TORM GAAP EPS of $1.31, revenue of $338.5M
Aug 18Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TRMD has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TRMD'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 (TRMD) | 25.0% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Oil and Gas) | 3.8% |
| Analyst forecast (TRMD) (up to 3 years) | 14.0% |
Notable Dividend: TRMD's dividend (25.03%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: TRMD's dividend (25.03%) is in the top 25% of dividend payers in the US market (4.32%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.8%), TRMD's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (178.8%), TRMD's dividend payments are not well covered by cash flows.