Knightsbridge Tankers Limited Plans Quarterly Dividend of $0.20 (VLCCF)
Knightsbridge Tankers Limited (NASDAQ:VLCCF) declared a quarterly dividend on Friday, August 15th, American Banking and Market News reports. Investors of record on Thursday, August 28th will be given a dividend of 0.20 per share on Wednesday, September 10th. This represents a $0.80 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Tuesday, August 26th.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity upgraded shares of Knightsbridge Tankers Limited from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. On the ratings front, analysts at Evercore Partners cut their price target on shares of Knightsbridge Tankers Limited from $16.00 to $15.00 in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $13.80.
Shares of Knightsbridge Tankers Limited (NASDAQ:VLCCF) traded up 2.43% during mid-day trading on Friday, hitting $12.66. 831,555 shares of the company’s stock traded hands. Knightsbridge Tankers Limited has a 52 week low of $7.21 and a 52 week high of $16.32. The stock has a 50-day moving average of $12.53 and a 200-day moving average of $12.58. The company has a market cap of $621.6 million and a price-to-earnings ratio of 24.33.
Knightsbridge Tankers Limited (NASDAQ:VLCCF) last released its earnings data on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.11. On average, analysts predict that Knightsbridge Tankers Limited will post $0.36 earnings per share for the current fiscal year.
Knightsbridge Tankers Limited is an international shipping company specializing in the transportation of dry bulk cargoes.
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