Knightsbridge Tankers Limited (VLCCF) Plans Quarterly Dividend of $0.20
Knightsbridge Tankers Limited (NASDAQ:VLCCF) declared a quarterly dividend on Tuesday, May 13th, Analyst Ratings.Net reports. Stockholders of record on Thursday, May 22nd will be given a dividend of 0.20 per share on Thursday, June 5th. This represents a $0.80 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend is Tuesday, May 20th.
VLCCF has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Knightsbridge Tankers Limited from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $10.00 price target on the stock. On the ratings front, analysts at Zacks downgraded shares of Knightsbridge Tankers Limited from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $11.90 price target on the stock. Finally, analysts at Zacks upgraded shares of Knightsbridge Tankers Limited from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 13th. They now have a $13.70 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.70.
Shares of Knightsbridge Tankers Limited (NASDAQ:VLCCF) traded down 2.21% on Tuesday, hitting $13.27. The stock had a trading volume of 747,165 shares. Knightsbridge Tankers Limited has a 52-week low of $6.10 and a 52-week high of $14.85. The stock has a 50-day moving average of $12.78 and a 200-day moving average of $10.34. The company has a market cap of $651.5 million and a price-to-earnings ratio of 26.71.
Knightsbridge Tankers Limited (NASDAQ:VLCCF) last announced its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03. On average, analysts predict that Knightsbridge Tankers Limited will post $0.48 earnings per share for the current fiscal year.
Knightsbridge Tankers Limited is engaged in the seaborne transportation of crude oil and dry bulk cargoes.
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