Shares of TORM plc (NASDAQ:TRMD – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $33.75, but opened at $31.91. TORM shares last traded at $31.25, with a volume of 145,243 shares trading hands.
TORM Stock Down 7.5 %
The firm has a 50 day moving average of $28.81 and a 200 day moving average of $26.58. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 3.85 and a beta of 0.31. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.55.
TORM Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Wednesday, November 22nd will be paid a dividend of $1.46 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $5.84 annualized dividend and a yield of 18.70%. This is a boost from TORM’s previous quarterly dividend of $0.85. TORM’s dividend payout ratio (DPR) is currently 52.66%.
Institutional Inflows and Outflows
TORM Company Profile
TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. It operates in two operating segments, Tanker and Marine Exhaust. The company transports gasoline, jet fuel, naphtha, and gas oil, as well as dirty petroleum products, such as fuel oil. It also engages in developing and producing advanced and green marine equipment.
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