Torm's latest quarterly cash dividend of $1.36 per share was issued to shareholders on record before Apr 15, 2024. The dividend distribution stands at $5.78 per share annually, which comes to a dividend yield of 16.55%. The latest TRMD dividend of $1.36 is a decrease from the previous $1.46 payout, representing a change of -7%.
TRMD has a dividend yield of 16.55% which is above the Energy sector and the industry average. Compared to its Energy sector average of 3.76%, Torm's dividend yield is 340% higher.
Torm has been paying dividends consistently since 2022. Our records show that TRMD has distributed four quarterly dividends in the past year.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 |
TRMD has a payout ratio of 74.6% which is higher than the Energy sector and the industry average. In comparison with the Energy sector average of 44.9%, Torm's payout ratio is 66% higher.
Yes, Torm has been paying dividends for the last two years.
Torm's last regular dividend was on Apr 15, 2024 (ex-date) with the amount of $1.36 per share.
TRMD's annualized dividend per share is $5.78.
Currently Torm's dividend yield is 16.55%.
Torm's dividend payout ratio is 74.6%.
Torm's dividend yield is above the Energy sector average.