TORM (TRMD) Dividend Yield, Date & History

$34.95

+0.90 (+2.64%)

(As of 03:38 PM ET)

Compare

Dividend Yield: 15.05%
Annual Dividend: $5.26
Annualized 3-Year Dividend Growth: 102.04%
Dividend Payout Ratio: 66.41%
Recent Dividend Payment: Sep. 11

TRMD Dividend Payments

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TRMD Dividend Yield Over Time

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TORM vs. The Competition

Type	TORM	Transportation Companies	NASDAQ Companies
Annual Dividend	$5.26	$1.50	$1.27
Dividend Yield	15.45%	434.23%	410.05%
Annualized 3-Year Dividend Growth	102.04%	25.78%	14.17%

TORM Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	66.41%
Based on This Year's Estimates	74.08%
Based on Next Year's Estimates	104.99%
Based on Cashflow	56.85%

TORM Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
8/15/2024	quarterly	$1.80	16.3%	8/29/2024	8/29/2024	9/11/2024
5/8/2024	quarterly	$1.50	16%	5/21/2024	5/22/2024	6/4/2024
3/7/2024	quarterly	$1.36	17.1%	4/15/2024	4/16/2024	4/24/2024
11/10/2023	quarterly	$1.46	22.5%	11/21/2023	11/22/2023	12/5/2023
8/17/2023	Quarterly	$1.50	25.4%	8/28/2023	8/29/2023	9/12/2023
5/11/2023	quarterly	$1.46	16.7%	5/22/2023	5/23/2023	6/6/2023
3/16/2023	Quarterly	$1.8910	22.33%	3/24/2023	3/27/2023	4/5/2023
11/10/2022	quarterly	$1.46	20.95%	11/22/2022	11/23/2022	12/8/2022
8/19/2022	--	$0.58		8/31/2022	9/1/2022	9/16/2022
8/18/2020	semi-annual	$0.85	1.3%	8/26/2020	8/27/2020	9/10/2020
4/28/2020	--	$0.10		5/1/2020	5/4/2020	5/15/2020
3/11/2020		$0.10		4/16/2020	4/20/2020	5/6/2020
1/1/1900		$0.85		8/26/2020	1/1/1900	1/1/1900

(Data available from 1/1/2013 forward)

TORM Dividend - Frequently Asked Questions

What is TORM's dividend yield?: The current dividend yield for TORM is 15.10%. Learn more on TRMD's dividend yield history.
How much is TORM's annual dividend?: The annual dividend for TRMD shares is $5.26. Learn more on TRMD's annual dividend history.
How often does TORM pay dividends?: TORM pays quarterly dividends to shareholders.
When was TORM's most recent dividend payment?: TORM's most recent quarterly dividend payment of $1.80 per share was made to shareholders on Wednesday, September 11, 2024.
When was TORM's most recent ex-dividend date?: TORM's most recent ex-dividend date was Thursday, August 29, 2024.
Is TORM's dividend growing?: Over the past three years, the company's dividend has grown by an average of 102.04% per year.
When did TORM last increase or decrease its dividend?: The most recent change in the company's dividend was an increase of $0.30 on Thursday, August 15, 2024.
What is TORM's dividend payout ratio?: The dividend payout ratio for TRMD is:
66.41% based on the trailing year of earnings

74.08% based on this year's estimates

104.99% based on next year's estimates

55.58% based on cash flow
Is TORM a good dividend stock?: TORM's dividend yield of 15.60% is higher than the average Transportation company that issues a dividend. TRMD has a dividend yield higher than 75% of all dividend-paying stocks 5.6, making it a leading dividend payer. TORM's dividend payout ratio of 66.41% is at a healthy, sustainable level, below 75% of its earnings. However, based on EPS estimates, TRMD will have a less sustainable dividend payout ratio of 104.99% in the coming year.