COSCO SHIPPING Specialized Carriers Co., Ltd. operates as a shipping company. It operates and manages approximately 100 vessels, including multi-purpose and heavy lift vessels, semi-submersible vessels, pure car carriers, logs carriers, and asphalt carriers. The company also transports cargoes, such as RIGs, engineering vessels, port machinery, locomotives, windmills, bridge cranes, equipment, etc. In addition, it provides liner shipping services on various trade routes, including the Far East-Southeast Asia/India, Far East-Mediterranean Sea/Europe, Far East-Persian Gulf/Red Sea, Far East-Africa, Far East-America, and Far East-Australia. The company was formerly known as Guangzhou Ocean Shipping Co., Ltd. COSCO SHIPPING Specialized Carriers Co., Ltd. was founded in 1961 and is based in Guangzhou, China. COSCO SHIPPING Specialized Carriers Co., Ltd. is a subsidiary of China Ocean Shipping Co., Ltd.
COSCO SHIPPING Specialized Carriers Dividend Announcement
• COSCO SHIPPING Specialized Carriers announced a annually dividend of ¥0.25 per ordinary share which will be made payable on 2024-07-22. Ex dividend date: 2024-07-22
• COSCO SHIPPING Specialized Carriers annual dividend for 2024 was ¥0.25
• COSCO SHIPPING Specialized Carriers annual dividend for 2023 was ¥0.16
• COSCO SHIPPING Specialized Carriers's trailing twelve-month (TTM) dividend yield is 3.63%
• COSCO SHIPPING Specialized Carriers's payout ratio for the trailing twelve months (TTM) is 82.94%
COSCO SHIPPING Specialized Carriers Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-22 | ¥0.25 | annually | 2024-07-22 |
2023-06-15 | ¥0.16 | annually | 2023-06-15 |
2022-08-03 | ¥0.05 | annually | 2022-08-03 |
2021-07-20 | ¥0.02 | annually | 2021-07-20 |
2018-08-09 | ¥0.02 | annually | 2018-08-09 |
2016-08-10 | ¥0.01 | annually | |
2015-07-16 | ¥0.02 | annually | |
2012-07-18 | ¥0.02 | annually | |
2011-08-24 | ¥0.04 | annually | |
2009-07-06 | ¥0.18 | annually | |
2008-09-23 | ¥0.37 | annually | |
2008-05-22 | ¥0.64 | annually | |
2007-07-19 | ¥0.37 | annually |
COSCO SHIPPING Specialized Carriers Dividend per year
COSCO SHIPPING Specialized Carriers Dividend growth
COSCO SHIPPING Specialized Carriers Dividend Yield
COSCO SHIPPING Specialized Carriers current trailing twelve-month (TTM) dividend yield is 3.63%. Interested in purchasing COSCO SHIPPING Specialized Carriers stock? Use our calculator to estimate your expected dividend yield:
COSCO SHIPPING Specialized Carriers Financial Ratios
COSCO SHIPPING Specialized Carriers Dividend FAQ
Other factors to consider when evaluating COSCO SHIPPING Specialized Carriers 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: COSCO SHIPPING Specialized Carriers'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, COSCO SHIPPING Specialized Carriers 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, COSCO SHIPPING Specialized Carriers 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 COSCO SHIPPING Specialized Carriers 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: COSCO SHIPPING Specialized Carriers 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, COSCO SHIPPING Specialized Carriers distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: COSCO SHIPPING Specialized Carriers 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 COSCO SHIPPING Specialized Carriers'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 COSCO SHIPPING Specialized Carriers'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.