Torm Plc (TRMD) to Distribute Quarterly Dividend of $1.35 on December 2nd

Torm Plc (NASDAQ:TRMD) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, November 17th will be given a dividend of $1.35 per share on Wednesday, December 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date is Tuesday, November 17th. This is a 43.7% decrease from Torm’s previous quarterly dividend of $2.40.

Torm has increased its dividend by an average of 0.1% per year over the last three years. Torm has a payout ratio of 151.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Torm Price Performance

NASDAQ TRMD opened at $34.31 on Friday. Torm has a twelve month low of $19.30 and a twelve month high of $43.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.97 and a current ratio of 2.27. The stock has a market capitalization of $3.50 billion, a PE ratio of 5.22 and a beta of 0.05. The stock has a 50-day simple moving average of $37.42 and a 200 day simple moving average of $30.88.

Torm (NASDAQ:TRMD) last released its earnings results on Wednesday, November 4th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.36. The firm had revenue of $499.40 million for the quarter, compared to analyst estimates of $330.95 million. Torm had a return on equity of 31.88% and a net margin of 38.94%.

Torm News Roundup

Here are the key news stories impacting Torm this week:

• Positive Sentiment: Q3 earnings exceeded forecasts: TORM reported EPS of $1.91 versus the $1.55 consensus and revenue of $499.4 million versus expectations of $330.95 million. Net profit was about $199 million. Earnings results
• Positive Sentiment: Strong tanker-market conditions helped lift third-quarter time charter equivalent (TCE) earnings to $353 million, up from $236 million a year earlier. TORM also raised its FY2026 outlook, supporting the near-term earnings picture. Q3 results and outlook
• Negative Sentiment: TORM declared a quarterly dividend of $1.35 per share, down 43.7% from $2.40 previously. The lower payout reduces expected income for shareholders and may be a source of pressure despite the earnings beat. Dividend and financial outlook

About Torm

TORM plc is a maritime transportation company that owns and operates a fleet of product tankers. The company primarily transports refined petroleum products, including gasoline, diesel, jet fuel and naphtha, connecting refineries, storage facilities and distribution markets around the world.

TORM’s fleet serves the global clean-product tanker market and includes vessels in several size categories, such as long-range and medium-range tankers. Its vessels operate on international trade routes, supporting the movement of energy products between major production and consumption regions.

Founded in Denmark in 1889, TORM has grown into an international shipping company headquartered in Copenhagen.