TORM (TRMD) Dividend Yield, Date & History

$37.50

-0.05 (-0.13%)

(As of 07/26/2024 ET)

Compare

Dividend Yield: 11.68%
Annual Dividend: $4.38
Annualized 3-Year Dividend Growth: 102.04%
Dividend Payout Ratio: 55.30%
Recent Dividend Payment: Jun. 4

TRMD Dividend Payments

Open TORM in Dividend Calculator

TRMD Dividend Yield Over Time

Open TORM in Dividend Yield Calculator

Ad Stansberry Research

Get out of cash before the Fed's next meeting

"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."

Click here now to watch this exclusive interview

TORM vs. The Competition

Type	TORM	Transportation Companies	NASDAQ Companies
Annual Dividend	$4.38	$1.52	$1.25
Dividend Yield	11.68%	399.51%	396.60%
Annualized 3-Year Dividend Growth	102.04%	2,559.19%	1,417.88%

TORM Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	55.30%
Based on This Year's Estimates	59.51%
Based on Next Year's Estimates	82.80%
Based on Cashflow	49.06%

TORM Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
5/8/2024	quarterly	$1.50	16%	5/21/2024	5/22/2024	6/4/2024
3/7/2024	quarterly	$1.36	17.1%	4/15/2024	4/16/2024	4/24/2024
11/10/2023	quarterly	$1.46	22.5%	11/21/2023	11/22/2023	12/5/2023
8/17/2023	Quarterly	$1.50	25.4%	8/28/2023	8/29/2023	9/12/2023
5/11/2023	quarterly	$1.46	16.7%	5/22/2023	5/23/2023	6/6/2023
3/16/2023	Quarterly	$1.8910	22.33%	3/24/2023	3/27/2023	4/5/2023
11/10/2022	quarterly	$1.46	20.95%	11/22/2022	11/23/2022	12/8/2022
8/19/2022	--	$0.58		8/31/2022	9/1/2022	9/16/2022
8/18/2020	semi-annual	$0.85	1.3%	8/26/2020	8/27/2020	9/10/2020
4/28/2020	--	$0.10		5/1/2020	5/4/2020	5/15/2020
3/11/2020		$0.10		4/16/2020	4/20/2020	5/6/2020
1/1/1900		$0.85		8/26/2020	1/1/1900	1/1/1900

(Data available from 1/1/2013 forward)

TORM Dividend - Frequently Asked Questions

What is TORM's dividend yield?: The current dividend yield for TORM is 11.68%. Learn more on TRMD's dividend yield history.
How much is TORM's annual dividend?: The annual dividend for TRMD shares is $4.38. Learn more on TRMD's annual dividend history.
How often does TORM pay dividends?: TORM pays quarterly dividends to shareholders.
When was TORM's most recent dividend payment?: TORM's most recent quarterly dividend payment of $1.50 per share was made to shareholders on Tuesday, June 4, 2024.
When was TORM's most recent ex-dividend date?: TORM's most recent ex-dividend date was Tuesday, May 21, 2024.
Is TORM's dividend growing?: Over the past three years, the company's dividend has grown by an average of 102.04% per year.
When did TORM last increase or decrease its dividend?: The most recent change in the company's dividend was an increase of $0.14 on Wednesday, May 8, 2024.
What is TORM's dividend payout ratio?: The dividend payout ratio for TRMD is:
55.30% based on the trailing year of earnings

59.51% based on this year's estimates

82.80% based on next year's estimates

49.06% based on cash flow
Is TORM a good dividend stock?: TORM's dividend yield of 11.39% is higher than the average Transportation company that issues a dividend. TRMD has a dividend yield higher than 75% of all dividend-paying stocks 5.7, making it a leading dividend payer. TORM's dividend payout ratio of 55.30% is at a healthy, sustainable level, below 75% of its earnings. However, based on EPS estimates, TRMD will have a less sustainable dividend payout ratio of 82.80% in the coming year.