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TRMD Torm dividend history, payout ratio & dates

Torm's latest quarterly cash dividend of $1.46 per share was issued to shareholders on record before Nov 21, 2023. The dividend distribution stands at $7.01 per share annually, which comes to a dividend yield of 21.08%. The latest TRMD dividend of $1.46 is a decrease from the previous $1.5 payout, representing a change of -2.7%.

Key dates

  • TRMD last dividend date: Nov 21, 2023
  • TRMD next dividend date: Not announced
TRMD dividend stats
DPS
$7.01
Dividend yield
21.08%
Payout ratio
83.6%
vs. Energy sector
Dividend yield
3.94%
Payout ratio
42.2%

Dividend yield

What is Torm current dividend yield

TRMD has a dividend yield of 21.08% which is above the Energy sector and the industry average. Compared to its Energy sector average of 3.94%, Torm's dividend yield is 435% higher.

Dividend history

What is TRMD dividend payout history and dates

Our records show that TRMD has distributed four quarterly dividends in the past year.

Recent dividends

Ex-date Payment date Declared on Amount Type
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 83.6% which is higher than the Energy sector and the industry average. In comparison with the Energy sector average of 42.2%, Torm's payout ratio is 98% higher.

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

Frequently asked questions

Does Torm pay a dividend?

Torm has issued four dividends in the last twelve months.

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 February 2024.

When was TRMD's last dividend?

Torm's last regular dividend was on Nov 21, 2023 (ex-date) with the amount of $1.46 per share.

How much dividend does Torm pay (per share)?

TRMD's annualized dividend per share is $7.01.

What is Torm's dividend yield?

Currently Torm's dividend yield is 21.08%.

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 83.6%.

Does Torm pay a good dividend?

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