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

Robin Energy Ltd. (NASDAQ:RBNE) announced 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 Stock Performance

Shares of RBNE opened at $0.15 on Tuesday. The company has a market capitalization of $201,132.00, a PE ratio of 1.66 and a beta of 1.38. The company’s 50 day moving average price is $1.92 and its 200 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.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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. Based on data from MarketBeat.com, Robin Energy presently has a consensus rating of “Sell”.

About Robin Energy

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.