TORM PLC Class A Stock News

High dividend yields often signal financial struggles rather than lucrative opportunities. The "dogs of the Dow" strategy may not work well with Nasdaq's top-yielding dividend stocks.

The worldwide maritime shipping industry is essential to distributing goods, including raw materials, commodities, gasoline, and jet fuel. With an impact on a host of different industries, shipping is in many ways a bellwether for global economic health.

TORM plc's share price dropped 15% due to market sell-off and seasonality, but maintains an 18% dividend yield with potential upside in Q4. Global refinery shifts away from Europe to the Middle East and Africa will enhance clean product trade, benefiting TRMD. Increased vessel supply from crude to clean trades has capped rates, but the TMX pipeline and seasonality will reverse this trend, suppo...

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.

Large Cap Value ranking by YCharts focuses on intrinsic firm value of large cap stocks. The Ben Graham Formula strategy selects stable stocks based on earnings, dividends, and valuation based on Graham's book “The Intelligent Investor”. 49 out of 69 All-Star Value Dividend stocks offer annual dividends (from $1K invested) exceeding their price per share. 5 of the 69 showed yields exceeding 25% ...

TORM plc (NASDAQ:TRMD ) Q2 2024 Earnings Conference Call August 15, 2024 9:00 AM ET Company Participants Jacob Meldgaard - Executive Director and Chief Executive Officer Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Omar Nokta - Jefferies Clement Mullins - Value Investors Edge Peter Hagen - ABG Operator Good day, and thank you for standing by. Welcome ...

Refinery additions in 2023 are reaching full capacity, resulting in more supply entering the export market and increased demand for shipping. The 15% yield is well covered within current cash flows and has adequate levels of margin should shipping rates decline. The next 12-18 months look promising for shipping rates to remain high, ensuring large cash flows and dividends.

24/7 Wall Street Insights With inflation showing few signs of appreciable reversal, prices for other goods and services will inevitably continue to rise.