Shanghai Jinjiang Shipping (Group) Co., Ltd. engages in the operation of maritime container and transportation industry. Its business scopes include shipping, container storage, and shipping agency businesses. Its Shipping business offers liner shipping, and rental services. Its Container Storage business provides empty container storage, loading and unloading, repair and cleaning, and other container management services. Its Shipping Agency business covers handling of ship entry and exit procedures, document services, loading and unloading, and freight forwarding services. The company was founded on February 3, 1983 and is headquartered in Shanghai, China.
SHANGHAI JINJIANG SHIPPING GP CO Dividend Announcement
• SHANGHAI JINJIANG SHIPPING GP CO announced a annually dividend of ¥0.29 per ordinary share which will be made payable on 2024-06-14. Ex dividend date: 2024-06-14
• SHANGHAI JINJIANG SHIPPING GP CO annual dividend for 2024 was ¥0.29
• SHANGHAI JINJIANG SHIPPING GP CO's trailing twelve-month (TTM) dividend yield is 2.9%
• SHANGHAI JINJIANG SHIPPING GP CO's payout ratio for the trailing twelve months (TTM) is 48.74%
SHANGHAI JINJIANG SHIPPING GP CO Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | ¥0.29 | annually | 2024-06-14 |
SHANGHAI JINJIANG SHIPPING GP CO Dividend per year
SHANGHAI JINJIANG SHIPPING GP CO Dividend Yield
SHANGHAI JINJIANG SHIPPING GP CO current trailing twelve-month (TTM) dividend yield is 2.9%. Interested in purchasing SHANGHAI JINJIANG SHIPPING GP CO stock? Use our calculator to estimate your expected dividend yield:
SHANGHAI JINJIANG SHIPPING GP CO Financial Ratios
SHANGHAI JINJIANG SHIPPING GP CO Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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