CMB.TECH nv (NYSE:CMBT) Declares $0.44 Special Dividend

CMB.TECH nv (NYSE:CMBT) declared a special dividend on Tuesday, May 26th. Stockholders of record on Wednesday, June 3rd will be paid a dividend of 0.44 per share on Wednesday, June 10th. The ex-dividend date is Wednesday, June 3rd.

CMB.TECH has decreased its dividend by an average of 0.5%per year over the last three years.

CMB.TECH Stock Performance

Shares of CMB.TECH stock opened at $16.44 on Wednesday. The firm’s fifty day simple moving average is $13.74 and its 200-day simple moving average is $12.21. CMB.TECH has a 12 month low of $7.78 and a 12 month high of $17.72. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 9.73 and a beta of 0.06. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.95 and a quick ratio of 0.85.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.00. The company had revenue of $519.63 million for the quarter, compared to the consensus estimate of $422.43 million. CMB.TECH had a net margin of 24.94% and a return on equity of 18.25%.

Analyst Ratings Changes

CMBT has been the subject of several recent research reports. Wall Street Zen upgraded shares of CMB.TECH from a “sell” rating to a “hold” rating in a research note on Sunday, April 12th. Weiss Ratings downgraded CMB.TECH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Berenberg Bank raised CMB.TECH to a “strong-buy” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

CMB.TECH Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.