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Dividends

Dividends

TORM intends to semi-annually distribute 25 to 50% of net income. The distribution policy will be periodically reviewed and considered in light of TORM’s capital structure, strategic developments, future obligations, market trends and shareholder interests. 

 

In line with TORMs distribution policy, TORMs Board of Directors has approved an interim dividend of USD 1.2m for the six months ended 30 June 2017. The dividend corresponds to USD 0.02 per share and 42% of the net income for the six months ended 30 June 2017. Below is an overview of the key dates and further details of the dividend payment.

16.08.2017 - Announcement date

Dividend payment announced in connection with the H1 2017 Report

23.08.2017 - Last trading day

Shares purchased on Nasdaq CPH on that day will be entitled to dividends

24.08.2017 - Ex-dividend date

Shares purchased on Nasdaq CPH on that day will not be entitled to dividends

25.08.2017 - Record date

With two days settlement on Nasdaq CPH, shares purchased on 23.08.2017 are owned from this day

06.-08.09.2017 - Currency conversion period

For shareholders on Nasdaq CPH, payment in USD will be converted to DKK

12.09.2017 - Dividend payment date

Payment to shareholders on Nasdaq CPH will be conducted in DKK

DIVIDEND HISTORY

Announcement date Ex-date Payment date Dividend per share USD
16.08.2017 24.08.2017 12.09.2017 0.02
16.08.2016 24.08.2016 15.09.2016 0.40