How Good Is TORM's 22% Yield? [Seeking Alpha]
TORM plc - Class A (TRMD)
US:NASDAQ Investor Relations:
investors.torm.com/investor-relations
Company Research
Source: Seeking Alpha
TORM plc offers a high 22% dividend yield, but this is likely unsustainable long-term despite current profitability. The company has a growing fleet of 96 vessels, with an average age of 11-12 years, and a strong balance sheet. Geopolitical tensions have boosted product tanker rates, significantly increasing TORM's profits and enabling high dividends. Future dividend cuts are likely as profits are expected to decline, but TORM remains a solid investment, trading below net asset value. Looking for a helping hand in the market? Members of Cash Flow Club get exclusive ideas and guidance to navigate any climate. Learn More » djgunner Article Thesis TORM plc ( NASDAQ: TRMD ) is a shipping company that offers a gigantic 22% dividend yield right now, based on its most recent quarterly dividend payment. A yield this high is risky, of course, and even though TORM is very profitable right now, the dividend yield is likely not sustainable in the long run. That being said, TORM plc
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TRMD
News
- TORM plc (NASDAQ: TRMD) had its price target lowered by analysts at Jefferies Financial Group Inc. from $37.00 to $32.00. They now have a "buy" rating on the stock.MarketBeat
- TORM PLC (TRMD) Q3 2024 Earnings Call Highlights: Strong Financial Performance Amid Market ... [Yahoo! Finance]Yahoo! Finance
- TORM plc (NASDAQ: TRMD) was upgraded by analysts at Fearnley Fonds to a "hold" rating.MarketBeat
- TORM plc: The Sell-Off Is Overdone - Upgrading To Strong Buy [Seeking Alpha]Seeking Alpha
TRMD
Earnings
- 11/7/24 - Beat
TRMD
Sec Filings
- 11/7/24 - Form 6-K
- 11/7/24 - Form 6-K
- 11/4/24 - Form 6-K
- TRMD's page on the SEC website