PRM dividend – Prima Marine PCL Declares 0.25 Cash Dividend
May 27, 2023
Dividends Yield
On May 25 2023, Prima Marine PCL declared a 0.25 cash dividend per share. For the past three years, PRIMA MARINE PUBLIC ($SET:PRM) has issued an annual dividend of 0.27, 0.27, and 0.26 THB respectively, resulting in a 4.29%, 4.29%, and 3.62% dividend yield from 2021 to 2023, averaging at 4.07%. This makes PRIMA MARINE PUBLIC a great option for investors looking for stocks with promising dividends. The ex-dividend date for this dividend is May 3 2023, so if you’re looking to invest in PRIMA MARINE PUBLIC, you should do so before then to be eligible for the dividend payout.
Stock Price
On Thursday, PRIMA MARINE PUBLIC PCL, a leading Thai marine transportation and logistics provider, declared a 0.25 cash dividend. After the announcement, their stock opened at THB6.8 and closed at the same price. The company said that the dividend payment is part of its commitment to creating value for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PRM. More…
| Total Revenues | Net Income | Net Margin |
| 8.34k | 2.52k | 24.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PRM. More…
| Operations | Investing | Financing |
| 3.97k | 182.16 | -2.75k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PRM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.12k | 9.78k | 4.38 |
Key Ratios Snapshot
Some of the financial key ratios for PRM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.8% | 18.8% | 37.9% |
| FCF Margin | ROE | ROA |
| 29.2% | 18.5% | 9.3% |
Analysis – PRM Intrinsic Value
We at GoodWhale have conducted an analysis of the fundamentals of PRIMA MARINE PUBLIC, in order to provide an accurate and reliable valuation for the company. Our proprietary Valuation Line has generated a fair value of THB9.2 for each share of PRIMA MARINE PUBLIC. This means that PRIMA MARINE PUBLIC is currently trading at THB6.8, undervalued by 26.3%. This presents an opportunity for investors to buy PRIMA MARINE PUBLIC shares at a discount. More…
Peers
Along with Prima Marine, other leading international maritime firms include Scorpio Tankers Inc, TORM PLC, and HFC Petroleum Corp. These companies operate in both the dry cargo and tanker markets, providing essential services for the transport of crude oil and other commodities around the world.
– Scorpio Tankers Inc ($NYSE:STNG)
Scorpio Tankers Inc is a shipping company that operates a fleet of product and chemical tankers. As of 2023, the company has a market cap of 2.72 billion dollars, indicating that it has a high level of public interest and confidence in its stock. Furthermore, its Return on Equity of 26.49% reflects the company’s strong financial performance, showing that it is able to generate a substantial return on its investment. This strong performance reflects the company’s ability to efficiently manage its resources and capitalize on market opportunities.
– TORM PLC ($NASDAQ:TRMD)
TORM PLC is an international integrated shipping company incorporated in Denmark. The company owns and operates a fleet of tankers, which are used to transport refined oil products. TORM PLC has a market capitalization of 2.14 billion as of 2023, which makes it one of the largest companies in the oil tanker industry. The company’s return on equity, or ROE, is 29.72%, indicating that for every dollar invested in the company, it has generated nearly $30 in profits. This is a strong indication of the financial strength and efficiency of TORM PLC and its management.
Summary
Investing in PRIMA MARINE PUBLIC is a sound decision, as it has shown a consistent trend of providing solid dividends to its shareholders. Over the past three years, it has issued an annual dividend per share of 0.27, 0.27, and 0.26 THB, respectively, resulting in yields of 4.29%, 4.29%, and 3.62%, respectively, with an average of 4.07%. These numbers demonstrate the company’s commitment to rewarding its investors, making it an attractive option for those looking for regular returns.
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