The Great Eastern Shipping Company Limited, through its subsidiaries, engages in the shipping and offshore oilfield businesses in India and internationally. The company is involved in the transportation of crude oil, petroleum products, and gas and dry bulk commodities through dry bulk carriers and tankers. As of March 31, 2022, it operated a fleet of 45 vessels comprising 31 tankers, including 8 crude carriers, 18 product tankers, and 5 LPG carriers; and 14 dry bulk carriers with an aggregating 3.57 million dwt. The company also offers offshore oilfield services, which include the ownership and/or operation of offshore supply vessels and mobile offshore drilling rigs. It serves various industries, oil companies, and governments. The company was incorporated in 1948 and is headquartered in Mumbai, India.
Great Eastern Shipping Dividend Announcement
• Great Eastern Shipping announced a quarterly dividend of ₹9.00 per ordinary share which will be made payable on 2024-08-31. Ex dividend date: 2024-08-13
• Great Eastern Shipping annual dividend for 2024 was ₹26.10
• Great Eastern Shipping annual dividend for 2023 was ₹30.00
• Great Eastern Shipping's trailing twelve-month (TTM) dividend yield is 3.2%
• Great Eastern Shipping's payout ratio for the trailing twelve months (TTM) is 10.97%
• Great Eastern Shipping's dividend growth over the last five years (2018-2023) was 33.03% year
• Great Eastern Shipping's dividend growth over the last ten years (2013-2023) was 14.87% year
Great Eastern Shipping Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-13 | ₹9.00 | quarterly | 2024-08-31 |
2024-05-22 | ₹10.80 | quarterly | 2024-06-05 |
2024-02-12 | ₹6.30 | quarterly | |
2023-11-08 | ₹6.30 | quarterly | 2023-11-22 |
2023-08-14 | ₹7.50 | quarterly | 2023-09-02 |
2023-05-24 | ₹9.00 | quarterly | 2023-06-11 |
2023-02-10 | ₹7.20 | quarterly | 2023-03-02 |
2022-11-22 | ₹7.20 | quarterly | 2022-12-11 |
2022-08-10 | ₹5.40 | quarterly | 2022-08-28 |
2022-05-17 | ₹5.40 | quarterly | 2022-06-05 |
2021-11-11 | ₹4.50 | quarterly | 2021-11-28 |
2021-07-20 | ₹9.00 | quarterly | 2021-08-28 |
2020-06-09 | ₹2.70 | quarterly | 2020-06-29 |
2020-03-18 | ₹5.40 | quarterly | 2020-04-05 |
2019-07-31 | ₹5.40 | quarterly | 2019-09-07 |
2018-08-02 | ₹7.20 | quarterly | 2018-09-09 |
2017-08-02 | ₹6.50 | quarterly | 2017-09-09 |
2017-02-14 | ₹3.60 | quarterly | 2017-03-05 |
2016-03-17 | ₹7.50 | quarterly | 2016-06-01 |
2016-02-15 | ₹6.00 | quarterly | 2016-03-05 |
2015-08-04 | ₹7.00 | quarterly | 2015-09-11 |
2014-09-17 | ₹5.00 | quarterly | 2014-10-25 |
2014-08-13 | ₹4.00 | quarterly | 2014-09-11 |
2014-02-17 | ₹4.00 | quarterly | 2014-03-08 |
2013-07-26 | ₹4.50 | quarterly | 2013-09-07 |
2013-02-18 | ₹3.00 | quarterly | 2013-03-09 |
Great Eastern Shipping Dividend per year
Great Eastern Shipping Dividend growth
Great Eastern Shipping Dividend Yield
Great Eastern Shipping current trailing twelve-month (TTM) dividend yield is 3.2%. Interested in purchasing Great Eastern Shipping stock? Use our calculator to estimate your expected dividend yield:
Great Eastern Shipping Financial Ratios
Great Eastern Shipping Dividend FAQ
Other factors to consider when evaluating Great Eastern 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: Great Eastern 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, Great Eastern 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, Great Eastern 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 Great Eastern 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: Great Eastern 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, Great Eastern 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: Great Eastern 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 Great Eastern 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 Great Eastern 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.