SBM Offshore (OTCMKTS:SBFFY – Get Free Report) traded up 0.2% during trading on Wednesday . The company traded as high as $15.60 and last traded at $15.60. 346 shares were traded during mid-day trading, a decline of 40% from the average session volume of 576 shares. The stock had previously closed at $15.57.
SBM Offshore Price Performance
The business has a 50 day simple moving average of $15.52 and a 200 day simple moving average of $13.76.
SBM Offshore Cuts Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, April 17th will be issued a $0.6555 dividend. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a yield of 4.3%. SBM Offshore’s dividend payout ratio is currently 57.29%.
About SBM Offshore
SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.
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