TORM plc Set for Ex-Dividend Trading with Promising Yield
Key Details on Upcoming Dividends for TORM plc Investors
On November 21, 2024, TORM plc (Symbol: TRMD) will go ex-dividend, marking the date when shareholders will qualify for a quarterly dividend of $1.20, which will be paid on December 4, 2024. With a recent stock price of $23.43 for TRMD, this dividend represents about 5.12% of the stock value. Consequently, investors should see TORM plc’s stock trade approximately 5.12% lower when trading begins on November 21, provided no other factors influence the price.
Generally, dividends can fluctuate, but examining TORM’s historical payouts can offer insights into the sustainability of future dividends. Currently, the estimated annual yield sits at 20.49%, suggesting a potentially solid expectation for future earnings.
Below is a chart depicting the one-year performance of TRMD shares against its 200-day moving average:
The chart indicates that TRMD’s 52-week low is $22.72, while the high reached $40.47. The last recorded trade was $23.69.
In trading on Tuesday, shares of TORM plc have increased by approximately 2.5%.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
