Ardmore Shipping Corp Announces Quarterly Dividend of $0.10 (ASC)
Ardmore Shipping Corp (NYSE:ASC) announced a quarterly dividend on Wednesday, January 15th, Analyst Ratings News reports. Investors of record on Friday, January 31st will be paid a dividend of 0.10 per share on Friday, February 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.82%.
ASC has been the subject of a number of recent research reports. Analysts at Sidoti initiated coverage on shares of Ardmore Shipping Corp in a research note to investors on Monday. They set a “buy” rating on the stock. On the ratings front, analysts at Maxim Group initiated coverage on shares of Ardmore Shipping Corp in a research note to investors on Thursday, January 9th. They set a “buy” rating and a $18.00 price target on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of Ardmore Shipping Corp in a research note to investors on Monday, January 6th. They set a “buy” rating and a $20.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $18.40.
Shares of Ardmore Shipping Corp (NYSE:ASC) traded up 1.48% on Wednesday, hitting $14.40. The stock had a trading volume of 4,352 shares. Ardmore Shipping Corp has a one year low of $11.32 and a one year high of $15.84. The stock has a 50-day moving average of $13.81 and a 200-day moving average of $13.36. The company’s market cap is $259.9 million.
Ardmore Shipping Corp (NYSE:ASC) last released its earnings data on Monday, November 11th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.09) by $0.06. During the same quarter in the prior year, the company posted ($0.08) earnings per share. Analysts expect that Ardmore Shipping Corp will post $-0.13 EPS for the current fiscal year.
Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies.
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