SBM Offshore (OTCMKTS:SBFFY) Trading Down 2.9%

SBM Offshore (OTCMKTS:SBFFYGet Free Report) traded down 2.9% during mid-day trading on Thursday . The stock traded as low as $15.60 and last traded at $15.60. 101 shares were traded during trading, a decline of 80% from the average session volume of 511 shares. The stock had previously closed at $16.07.

SBM Offshore Stock Performance

The stock has a 50 day moving average price of $15.73 and a 200-day moving average price of $14.18.

SBM Offshore Cuts Dividend

The business also recently declared an annual dividend, which was paid on Friday, May 24th. Investors of record on Wednesday, April 17th were given a dividend of $0.6555 per share. The ex-dividend date of this dividend was Tuesday, April 16th. This represents a yield of 4.3%. SBM Offshore’s payout ratio is 57.29%.

SBM Offshore Company Profile

(Get Free Report)

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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