CSSC (Hong Kong) Shipping Company Limited operates as a shipyard-affiliated leasing company in People Republic of China, Asia, the United States, and Europe. It operates through Leasing Services, Shipbroking Services, and Loan Borrowings segments. The company provides leasing services, such as finance and operating lease. It also offers shipbroking services; and loan services comprising pre-delivery loans, secured loans, and factoring services. As of December 31, 2021, the company had 158 vessels, including 130 vessels under lease and 28 vessels were under construction. The company was incorporated in 2012 and is headquartered in Central, Hong Kong.
CSSC Shipping Dividend Announcement
• CSSC Shipping announced a semi annually dividend of HK$0.03 per ordinary share which will be made payable on 2024-10-30. Ex dividend date: 2024-10-18
• CSSC Shipping annual dividend for 2024 was HK$0.12
• CSSC Shipping annual dividend for 2023 was HK$0.10
• CSSC Shipping's trailing twelve-month (TTM) dividend yield is 7.59%
• CSSC Shipping's payout ratio for the trailing twelve months (TTM) is 29.63%
CSSC Shipping Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-18 | HK$0.03 | semi annually | 2024-10-30 |
2024-07-02 | HK$0.09 | semi annually | 2024-07-31 |
2023-10-17 | HK$0.03 | semi annually | 2023-10-27 |
2023-06-28 | HK$0.07 | semi annually | 2023-07-28 |
2022-09-22 | HK$0.03 | semi annually | 2022-10-07 |
2022-07-05 | HK$0.06 | semi annually | 2022-07-29 |
2021-09-10 | HK$0.03 | semi annually | 2021-09-30 |
2021-07-05 | HK$0.06 | semi annually | 2021-07-30 |
2020-09-17 | HK$0.03 | semi annually | 2020-09-30 |
2020-06-10 | HK$0.05 | semi annually | 2020-06-30 |
2019-09-05 | HK$0.03 | semi annually | 2019-09-27 |
CSSC Shipping Dividend per year
CSSC Shipping Dividend growth
CSSC Shipping Dividend Yield
CSSC Shipping current trailing twelve-month (TTM) dividend yield is 7.59%. Interested in purchasing CSSC Shipping stock? Use our calculator to estimate your expected dividend yield:
CSSC Shipping Financial Ratios
CSSC Shipping Dividend FAQ
Other factors to consider when evaluating CSSC 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: CSSC 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, CSSC 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, CSSC 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 CSSC 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: CSSC 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, CSSC 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: CSSC 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 CSSC 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 CSSC 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.