Prima Marine Public Company Limited engages in the marine transportation of petroleum products and accommodation work barges in Thailand and Singapore. The company engages in the transportation and storage of crude oil, petroleum products, semi-petroleum products, and liquefied petroleum products; transportation of chemical products; and provision of oil tankers, floating storage and offloading units, and anchor handling tugs to support offshore petroleum exploration and production. It also offers recruitment and ship management services. The company was incorporated in 2007 and is headquartered in Bangkok, Thailand. Prima Marine Public Company Limited is a subsidiary of Nathalin Co., Ltd.
Prima Marine Dividend Announcement
• Prima Marine announced a semi annually dividend of ฿0.24 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-10-09
• Prima Marine annual dividend for 2024 was ฿0.50
• Prima Marine annual dividend for 2023 was ฿0.35
• Prima Marine's trailing twelve-month (TTM) dividend yield is 6.7%
• Prima Marine's payout ratio for the trailing twelve months (TTM) is 37.82%
• Prima Marine's dividend growth over the last five years (2018-2023) was 28.47% year
Prima Marine Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-09 | ฿0.24 | semi annually | 2024-10-25 |
2024-05-07 | ฿0.26 | semi annually | 2024-05-24 |
2023-11-27 | ฿0.10 | semi annually | 2023-12-14 |
2023-05-03 | ฿0.25 | semi annually | 2023-05-26 |
2022-11-24 | ฿0.09 | semi annually | 2022-12-09 |
2022-05-06 | ฿0.18 | semi annually | 2022-05-25 |
2021-11-24 | ฿0.08 | semi annually | 2021-12-09 |
2021-04-30 | ฿0.18 | semi annually | 2021-05-20 |
2020-11-26 | ฿0.07 | semi annually | 2020-12-09 |
2020-04-30 | ฿0.14 | semi annually | 2020-05-21 |
2019-11-27 | ฿0.06 | semi annually | 2019-12-12 |
2019-04-26 | ฿0.14 | semi annually | 2019-05-15 |
2018-05-03 | ฿0.10 | semi annually | 2018-05-24 |
Prima Marine Dividend per year
Prima Marine Dividend growth
Prima Marine Dividend Yield
Prima Marine current trailing twelve-month (TTM) dividend yield is 6.7%. Interested in purchasing Prima Marine stock? Use our calculator to estimate your expected dividend yield:
Prima Marine Financial Ratios
Prima Marine Dividend FAQ
Other factors to consider when evaluating Prima Marine 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: Prima Marine'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, Prima Marine 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, Prima Marine 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 Prima Marine 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: Prima Marine 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, Prima Marine distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Prima Marine 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 Prima Marine'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 Prima Marine'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.