Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates one owned tanker, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.
Grindrod Shipping Dividend Announcement
• Grindrod Shipping announced a quarterly dividend of $1.65 per ordinary share which will be made payable on 2023-12-11. Ex dividend date: 2023-10-19
• Grindrod Shipping annual dividend for 2023 was $1.71
• Grindrod Shipping's trailing twelve-month (TTM) dividend yield is -%
• Grindrod Shipping's payout ratio for the trailing twelve months (TTM) is -10.65%
Grindrod Shipping Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-10-19 | $1.65 | quarterly | 2023-12-11 |
2023-06-08 | $0.03 | quarterly | 2023-06-19 |
2023-03-09 | $0.03 | quarterly | 2023-03-17 |
2022-11-30 | $5.00 | quarterly | 2022-12-05 |
2022-09-08 | $0.84 | quarterly | 2022-09-19 |
2022-06-09 | $0.47 | quarterly | 2022-06-20 |
2022-03-10 | $0.72 | quarterly | 2022-03-22 |
2021-12-02 | $0.72 | quarterly | 2021-12-13 |
Grindrod Shipping Dividend per year
Grindrod Shipping Dividend growth
Grindrod Shipping Dividend Yield
Grindrod Shipping current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Grindrod Shipping stock? Use our calculator to estimate your expected dividend yield:
Grindrod Shipping Financial Ratios
Grindrod Shipping Dividend FAQ
Other factors to consider when evaluating Grindrod 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: Grindrod 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, Grindrod 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, Grindrod 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 Grindrod 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: Grindrod 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, Grindrod 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: Grindrod 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 Grindrod 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 Grindrod 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.