Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.
Ardmore Shipping Dividend Announcement
• Ardmore Shipping announced a quarterly dividend of $0.38 per ordinary share which will be made payable on 2024-09-13. Ex dividend date: 2024-08-30
• Ardmore Shipping annual dividend for 2024 was $0.90
• Ardmore Shipping annual dividend for 2023 was $1.15
• Ardmore Shipping's trailing twelve-month (TTM) dividend yield is 7.62%
• Ardmore Shipping's payout ratio for the trailing twelve months (TTM) is 25.89%
Ardmore Shipping Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-30 | $0.38 | quarterly | 2024-09-13 |
2024-05-31 | $0.31 | quarterly | 2024-06-14 |
2024-02-28 | $0.21 | quarterly | 2024-03-15 |
2023-11-29 | $0.16 | quarterly | 2023-12-15 |
2023-08-30 | $0.19 | quarterly | 2023-09-15 |
2023-05-30 | $0.35 | quarterly | 2023-06-15 |
2023-02-27 | $0.45 | quarterly | 2023-03-15 |
2020-02-20 | $0.05 | quarterly | 2020-02-28 |
2016-08-12 | $0.11 | quarterly | 2016-08-31 |
2016-05-12 | $0.16 | quarterly | 2016-05-31 |
2016-02-10 | $0.13 | quarterly | 2016-02-29 |
2015-11-04 | $0.31 | quarterly | 2015-11-16 |
2015-07-29 | $0.10 | quarterly | 2015-08-14 |
2015-04-28 | $0.10 | quarterly | 2015-05-15 |
2015-01-28 | $0.10 | quarterly | 2015-02-18 |
2014-10-29 | $0.10 | quarterly | 2014-11-18 |
2014-07-29 | $0.10 | quarterly | 2014-08-14 |
2014-04-28 | $0.10 | quarterly | 2014-05-15 |
2014-01-29 | $0.10 | quarterly | 2014-02-14 |
2013-11-06 | $0.07 | quarterly | 2013-11-20 |
Ardmore Shipping Dividend per year
Ardmore Shipping Dividend growth
Ardmore Shipping Dividend Yield
Ardmore Shipping current trailing twelve-month (TTM) dividend yield is 7.62%. Interested in purchasing Ardmore Shipping stock? Use our calculator to estimate your expected dividend yield:
Ardmore Shipping Financial Ratios
Ardmore Shipping Dividend FAQ
Other factors to consider when evaluating Ardmore Shipping as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Ardmore Shipping's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Ardmore Shipping publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Ardmore Shipping distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Ardmore Shipping are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Ardmore Shipping sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Ardmore Shipping distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ardmore Shipping declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Ardmore Shipping's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Ardmore Shipping's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.