Knightsbridge Tankers Stock To Go Ex-dividend Monday (VLCCF)

NEW YORK ( TheStreet) -- The ex-dividend date for Knightsbridge Tankers (Nasdaq: VLCCF) is Monday, May 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $23.17 as of 9:32 a.m. ET, the dividend yield is 8.6%.

The average volume for Knightsbridge Tankers has been 174,600 shares per day over the past 30 days. Knightsbridge Tankers has a market cap of $567.9 million and is part of the services sector and transportation industry. Shares are up 3.8% year to date as of the close of trading on Thursday.

Knightsbridge Tankers Limited, through its subsidiaries, engages in the seaborne transportation of crude oil and dry bulk cargoes worldwide. As of December 31, 2009, the company's fleet consisted of four double-hull very large crude oil carriers and two capesize dry bulk carriers. The company has a P/E ratio of 11.5, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Knightsbridge Tankers as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Knightsbridge Tankers Ratings Report.

See our dividend calendar or top-yielding stocks list.

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