How Good Is TORM's 22% Yield?
TORM plc(TRMD) Seeking Alpha·2024-09-07 18:26
I II n 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 is a well-managed shipping company, and total returns could be attractive even if there is a dividend reduction in the foreseeable future. Company Overv ...