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TORM (TRMD) Dividend Yield, Date & History

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$18.08 +0.11 (+0.61%)
(As of 12/20/2024 05:51 PM ET)

TORM Dividend Summary

Dividend Yield
19.36%
Annual Dividend
$3.50
Recent
Dividend Payment
Dec. 4
Annualized 3-Year
Dividend Growth
102.04%
Dividend Payout Ratio
45.28%

TORM (TRMD) pays an annual dividend of $3.50 per share, with a dividend yield of 19.36%. The next quarterly payment of $0.8760 per share was paid on Wednesday, December 4, to investors who owned the stock before the ex-dividend date of Thursday, November 21. The company currently pays out 45.28% of its earnings and 41.23% of its cash flow as dividends.

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TRMD Dividend Payments by Quarter

The chart below displays up to four years of TORM's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

TRMD Dividend Yield Over Time

The chart below tracks TORM's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

TORM vs. The Competition

Compare TORM's annual dividend, yield, and 3-year growth rate with averages for Transportation and NASDAQ companies to evaluate its performance against the market.

TypeTORMTransportation CompaniesNASDAQ Companies
Annual Dividend$3.50$0.01$1.31
Dividend Yield19.36%4.42%4.21%
Annualized 3-Year Dividend Growth102.04%26.12%14.22%

TORM Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings45.28%
Based on This Year's Estimate54.60%
Based on Next Year's Estimate69.03%
Based on Cashflow41.23%

TORM Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/7/2024Quarterly$0.8760-$0.9240
51.33%
14.13%11/21/202411/21/202412/4/2024
8/15/2024quarterly$1.80+$0.30
20.00%
16.3%8/29/20248/29/20249/11/2024
5/8/2024quarterly$1.50+$0.14
10.29%
16%5/21/20245/22/20246/4/2024
3/7/2024quarterly$1.36-$0.10
6.85%
17.1%4/15/20244/16/20244/24/2024
11/10/2023quarterly$1.46-$0.04
2.67%
22.5%11/21/202311/22/202312/5/2023
8/17/2023Quarterly$1.50+$0.04
2.74%
25.4%8/28/20238/29/20239/12/2023
5/11/2023quarterly$1.46-$0.4310
22.79%
16.7%5/22/20235/23/20236/6/2023
3/16/2023Quarterly$1.8910+$0.4310
29.52%
22.33%3/24/20233/27/20234/5/2023

This table shows TORM's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

TORM Dividend - Frequently Asked Questions

The current dividend yield for TORM is 19.36%. Learn more on TRMD's dividend yield history.

The annual dividend for TRMD shares is $3.50. Learn more on TRMD's annual dividend history.

TORM pays quarterly dividends to shareholders.

TORM's most recent quarterly dividend payment of $0.8760 per share was made to shareholders on Wednesday, December 4, 2024.

TORM's most recent ex-dividend date was Thursday, November 21, 2024.

Over the past three years, the company's dividend has grown by an average of 102.04% per year.

The most recent change in the company's dividend was a decrease of $0.9240 on Thursday, November 7, 2024.

The dividend payout ratio for TRMD is:
  • 45.28% based on the trailing year of earnings
  • 54.60% based on this year's estimates
  • 69.03% based on next year's estimates
  • 41.23% based on cash flow

TORM's dividend yield of 19.00% is higher than the average Transportation company that issues a dividend. TRMD has a dividend yield higher than 75% of all dividend-paying stocks 5.61, making it a leading dividend payer. TORM's dividend payout ratio of 45.28% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate TORM stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NASDAQ:TRMD) was last updated on 12/21/2024 by MarketBeat.com Staff
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