Knightsbridge Tankers Stock To Go Ex-dividend Monday (VLCCF)
The ex-dividend date for Knightsbridge Tankers (Nasdaq:VLCCF) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $19.21 as of 9:30 a.m., the dividend yield is 10%.
NEW YORK ( TheStreet) -- The ex-dividend date for Knightsbridge Tankers (Nasdaq: VLCCF) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $19.21 as of 9:30 a.m. ET, the dividend yield is 10%. The average volume for Knightsbridge Tankers has been 159,100 shares per day over the past 30 days. Knightsbridge Tankers has a market cap of $486.3 million and is part of the services sector and transportation industry. Shares are down 12.7% 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. The company's customers include oil companies, tanker companies, dry bulk companies, petroleum products traders, government agencies, and other entities. The company has a P/E ratio of 9.9, below the average transportation industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Knightsbridge Tankers as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Knightsbridge Tankers Ratings Report. See our dividend calendar or top-yielding stocks list.
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