Robin Energy Ltd. (NASDAQ:RBNE) to Issue Special Dividend of $0.10

Robin Energy Ltd. (NASDAQ:RBNE) declared a special dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be given a dividend of $0.10 per share on Friday, November 20th.

Robin Energy Trading Up 8.9%

Shares of Robin Energy stock opened at $0.15 on Tuesday. The company’s 50-day moving average price is $1.92 and its two-hundred day moving average price is $20.06. Robin Energy has a 52 week low of $0.12 and a 52 week high of $92.25. The stock has a market cap of $201,132.00, a PE ratio of 1.66 and a beta of 1.38.

Robin Energy (NASDAQ:RBNE) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported $2.03 earnings per share for the quarter. Robin Energy had a net margin of 39.36% and a return on equity of 21.48%. The company had revenue of $2.60 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Robin Energy in a research note on Tuesday, October 27th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

Robin Energy Company Profile

Robin Energy Ltd. is a shipping company focused on the ownership and operation of tanker vessels. The company provides maritime transportation services for liquid bulk cargoes, including refined petroleum products and other energy-related commodities.

Robin Energy’s vessels serve international trade routes, transporting cargoes between ports in major global shipping markets. Its business is influenced by demand for seaborne energy transportation, vessel utilization and prevailing conditions in the product tanker market.

The company is headquartered in Limassol, Cyprus, and is led by Aristides Pittas, who serves as executive chairman and chief executive officer.