CMB.TECH nv to Issue Special Dividend of $0.44 (NYSE:CMBT)

CMB.TECH nv (NYSE:CMBT) announced a special dividend on Tuesday, May 26th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of 0.44 per share on Wednesday, June 10th. The ex-dividend date is Wednesday, June 3rd.

CMB.TECH has decreased its dividend by an average of 0.5%annually over the last three years.

CMB.TECH Trading Down 2.4%

Shares of NYSE:CMBT opened at $16.44 on Wednesday. CMB.TECH has a 52 week low of $7.78 and a 52 week high of $17.72. The company’s 50 day moving average is $13.74 and its two-hundred day moving average is $12.21. The company has a market cap of $3.36 billion, a PE ratio of 9.73 and a beta of 0.06. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.59.

CMB.TECH (NYSE:CMBT) last released its quarterly earnings data on Tuesday, May 19th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.00. The business had revenue of $519.63 million during the quarter, compared to analysts’ expectations of $422.43 million. CMB.TECH had a net margin of 24.94% and a return on equity of 18.25%.

Hedge Funds Weigh In On CMB.TECH

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of CMB.TECH by 526.9% during the first quarter. Bank of America Corp DE now owns 1,072,822 shares of the company’s stock worth $13,571,000 after purchasing an additional 901,688 shares during the last quarter. Amundi purchased a new stake in shares of CMB.TECH in the 1st quarter valued at about $246,000. Encompass Capital Advisors LLC boosted its position in shares of CMB.TECH by 40.0% in the 1st quarter. Encompass Capital Advisors LLC now owns 3,500,000 shares of the company’s stock valued at $44,275,000 after purchasing an additional 1,000,693 shares during the period. Renaissance Technologies LLC boosted its position in shares of CMB.TECH by 288.5% in the 1st quarter. Renaissance Technologies LLC now owns 1,408,300 shares of the company’s stock valued at $17,815,000 after purchasing an additional 1,045,800 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in CMB.TECH during the 1st quarter worth approximately $28,965,000.

About CMB.TECH

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.