CMB.TECH nv (CMBT) to Distribute Special Dividend of $0.43 on October 22nd

CMB.TECH nv (NYSE:CMBT) declared a special dividend on Thursday, August 27th. Shareholders of record on Friday, October 16th will be given a dividend of $0.43 per share on Thursday, October 22nd. The ex-dividend date is Friday, October 16th.

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

CMB.TECH Trading Down 0.7%

NYSE:CMBT opened at $20.77 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.97 and a current ratio of 1.12. CMB.TECH has a one year low of $8.95 and a one year high of $21.19. The business’s 50-day simple moving average is $18.72 and its 200 day simple moving average is $16.06. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 7.14 and a beta of 0.23.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $1.26 EPS for the quarter. CMB.TECH had a return on equity of 30.02% and a net margin of 37.19%. The firm had revenue of $703.94 million during the quarter.

Institutional Investors Weigh In On CMB.TECH

A number of institutional investors have recently modified their holdings of the business. Valley Wealth Managers Inc. acquired a new stake in shares of CMB.TECH during the 1st quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd acquired a new position in CMB.TECH during the 4th quarter valued at approximately $29,000. Integrated Wealth Concepts LLC bought a new position in CMB.TECH during the 2nd quarter worth $46,000. Optiver Holding B.V. grew its stake in CMB.TECH by 145.7% during the 1st quarter. Optiver Holding B.V. now owns 12,473 shares of the company’s stock worth $158,000 after buying an additional 7,397 shares during the last quarter. Finally, Everstar Asset Management LLC acquired a new stake in CMB.TECH in the first quarter worth $191,000.

About CMB.TECH

CMB.TECH is a diversified maritime and cleantech company headquartered in Antwerp, Belgium. The company develops, owns and operates commercial vessels and is focused on reducing emissions in shipping through the use of alternative fuels and related technologies, including hydrogen and ammonia.

Its maritime activities include dry bulk carriers, container ships, chemical tankers, offshore wind service vessels and other specialized vessels. CMB.TECH also provides hydrogen and ammonia fuel solutions, including the development of dual-fuel vessels, fuel infrastructure and related applications for the maritime, industrial and transportation sectors.

The company serves international customers and operates across global shipping markets.