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TRMD Torm dividend history, payout ratio & dates

  1. Stocks
  2. Energy
  3. NASDAQ: TRMD
  4. Dividend

Torm's latest quarterly cash dividend of $1.5 per share was issued to shareholders on record before May 21, 2024. The dividend distribution stands at $5.82 per share annually, which comes to a dividend yield of 15.5%. The latest TRMD dividend of $1.5 is an increase from the previous $1.36 payout, representing a growth of 10%.

Key dates

  • TRMD last dividend date: May 21, 2024
  • TRMD next dividend date: Not announced
TRMD dividend stats
DPS
$5.82
Dividend yield
15.52%
Payout ratio
73.6%
vs. Energy sector
Dividend yield
3.77%
Payout ratio
49.7%

Dividend yield

What is Torm current dividend yield

TRMD has a dividend yield of 15.5% which is above the Energy sector and the industry average. Compared to its Energy sector average of 3.77%, Torm's dividend yield is 311% higher.

Dividend history

What is TRMD dividend payout history and dates

Torm has been paying dividends consistently since 2022. Our records show that TRMD has distributed four quarterly dividends in the past year. The annualized dividend per share has a decrease of 4.4% since twelve months ago. And with the price of the stock up by 61% from a year ago, the dividend yield has a decrease of 41%.

Recent dividends

Ex-date Payment date Declared on Amount Type
May 21, 2024 Jun 4, 2024 May 8, 2024 $1.5 normal
Apr 15, 2024 Apr 24, 2024 Mar 7, 2024 $1.36 normal
Nov 21, 2023 Dec 5, 2023 Nov 10, 2023 $1.46 normal
Aug 28, 2023 Sep 12, 2023 Aug 17, 2023 $1.5 normal
May 22, 2023 Jun 6, 2023 May 11, 2023 $1.46 normal
Mar 24, 2023 Apr 5, 2023 Mar 16, 2023 $2.59 normal
Nov 22, 2022 Dec 8, 2022 Nov 10, 2022 $1.46 normal
Aug 31, 2022 Sep 16, 2022 Aug 18, 2022 $0.58 normal
Aug 26, 2020 Sep 10, 2020 Aug 17, 2020 $0.85 normal
Apr 17, 2020 $0.1 normal

Torm dividend payout ratio

What is Torm dividend payout ratio compared to the sector

Payout ratio

TRMD has a payout ratio of 73.6% which is higher than the Energy sector average but lower than the industry average. In comparison with the Energy sector average of 49.7%, Torm's payout ratio is 48% higher.

Total amount of dividends paid per financial year (from cash flow)

Frequently asked questions

Does Torm pay a dividend?

Yes, Torm has been paying dividends for the last two years.

When is Torm's next dividend?

TRMD hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in August 2024.

When was TRMD's last dividend?

Torm's last regular dividend was on May 21, 2024 (ex-date) with the amount of $1.5 per share.

How much dividend does Torm pay (per share)?

TRMD's annualized dividend per share is $5.82.

What is Torm's dividend yield?

Currently Torm's dividend yield is 15.5%.

How often does Torm pay dividends?

Torm has a quarterly dividend frequency.

What is Torm's dividend payout ratio?

Torm's dividend payout ratio is 73.6%.

Does Torm pay a good dividend?

Torm's dividend yield is above the Energy sector average.