Tidewater Inc. (TDW) Plans Quarterly Dividend of $0.25
Tidewater (NYSE:TDW) declared a quarterly dividend on Friday, May 16th, American Banking News.com reports. Stockholders of record on Friday, June 6th will be given a dividend of 0.25 per share on Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.98%.
TDW has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Tidewater from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $48.70 price target on the stock. On the ratings front, analysts at Ned Davis Research upgraded shares of Tidewater from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $64.86.
Shares of Tidewater (NYSE:TDW) traded up 1.17% during mid-day trading on Friday, hitting $50.98. 186,646 shares of the company’s stock traded hands. Tidewater has a 52-week low of $45.51 and a 52-week high of $63.22. The stock’s 50-day moving average is $49.48 and its 200-day moving average is $52.. The company has a market cap of $2.516 billion and a price-to-earnings ratio of 17.44.
Tidewater Inc provides offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels.
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