The Shipping Corporation of India Limited provides shipping services in India, Singapore, and internationally. It operates through Liner, Bulk, Tanker, Technical & Offshore, and Others segments. The company's fleet comprises bulk carriers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, LPG carriers, and offshore supply vessels. Its bulk carriers transport cargos, including iron ore, coal, coke, grain, fertilizer, steel, plywood, bauxite products, etc.; tankers are used for feeding crude oil to various oil refineries; and passenger-cum-cargo vessels offer transportation services between the Mainland, and Andaman and Nicobar group of islands. The company is also involved in chartering various ships, as well as in lighterage operations. In addition, it provides offshore services comprising towing and anchor handling, carriage of men and materials, standby and rescue, routine surveillance, and firefighting services, as well as operations, manning, maintenance, and management services for vessels. Further, the company offers shipbuilding consultancy assistance services for new building vessels, including project viability and feasibility, design consultancy, project management, and site supervision; and for the acquisition of second-hand ships, such as identifying the type and size of vessels, receipt and evaluation of offers, inspection of class records, physical inspection of vessels, processing specific proposals for owners/government approval, taking delivery of the vessels, etc., as well as provides liner break-bulk and container services. It operates a fleet of 59 vessels with deadweight tonnage of 5.311 million. The Shipping Corporation of India Limited was incorporated in 1950 and is based in Mumbai, India.
Shipping of India Dividend Announcement
• Shipping of India announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2024-10-18. Ex dividend date: 2024-09-06
• Shipping of India annual dividend for 2024 was ₹0.50
• Shipping of India annual dividend for 2023 was ₹0.44
• Shipping of India's trailing twelve-month (TTM) dividend yield is 0.21%
Shipping of India Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-06 | ₹0.50 | annually | 2024-10-18 |
| 2023-09-01 | ₹0.44 | annually | 2023-10-13 |
| 2022-09-22 | ₹0.33 | annually | 2022-10-28 |
| 2021-08-17 | ₹0.25 | annually | 2021-09-25 |
| 2020-09-09 | ₹0.75 | annually | 2020-10-18 |
| 2011-09-14 | ₹2.50 | annually | 2011-10-18 |
| 2011-02-11 | ₹3.00 | annually | 2011-03-03 |
| 2010-09-20 | ₹5.00 | annually | 2010-10-15 |
| 2009-09-18 | ₹6.50 | annually | 2009-10-16 |
| 2008-09-19 | ₹4.00 | annually | 2008-10-17 |
| 2008-02-27 | ₹4.50 | annually | 2008-03-18 |
| 2007-04-03 | ₹8.50 | annually | 2007-04-19 |
| 2006-02-13 | ₹8.50 | annually | 2006-03-01 |
| 2005-09-16 | ₹3.00 | annually | 2005-10-17 |
Shipping of India Dividend per year
Shipping of India Dividend growth
Shipping of India Dividend Yield
Shipping of India current trailing twelve-month (TTM) dividend yield is 0.21%. Interested in purchasing Shipping of India stock? Use our calculator to estimate your expected dividend yield:
Shipping of India Financial Ratios
P/E ratio10.83
PEG ratio-0.02
P/B ratio1.38
ROE13.55%
Payout ratio0.00%
Current ratio1.76
Quick ratio1.65
Cash Ratio0.13
Shipping of India Dividend FAQ
How much is the next Shipping of India dividend?
Shipping of India's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Shipping of India dividend. The next Shipping of India dividend will be released in September.
When is Shipping of India dividend paid?
Shipping of India pays dividends on a annually basis. The specific dates may vary each year but are generally around September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Shipping of India pay?
The specific amount of Shipping of India dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Shipping of India's dividend history.
Does Shipping of India stock pay dividends?
Yes, Shipping of India does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Shipping of India's dividend history.
How much dividend does Shipping of India pay?
Shipping of India paid ₹0.5 in 2024, ₹0.44 in 2023, ₹0.33 in 2022, ₹0.25 in 2021, and ₹0.75 in 2020.
How often does Shipping of India pay dividends?
Shipping of India typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around September.
What is Shipping of India's dividend yield?
The current dividend yield for Shipping of India is 0.21%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Shipping of India's exact dividend yield.
When does Shipping of India go ex dividend?
Shipping of India's ex-dividend date for the latest dividend was on 2024-09-06. Shipping of India typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Shipping of India dividend paid?
Shipping of India pays dividends on a annually basis, typically around September, but the exact dates can vary each year.
Will Shipping of India increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Shipping of India will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Shipping of India dividend per share?
Shipping of India paid ₹0.5 per share in 2024 and ₹0.44 per share in 2023. The amount of dividend per share that Shipping of India pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Shipping of India a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Shipping of India a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Shipping of India a dividend stock?
Yes, Shipping of India is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Shipping of India a good dividend stock?
Whether Shipping of India is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Shipping of India has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Shipping of India 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.
Other factors to consider when evaluating Shipping of India 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.
Does Shipping of India pay dividends monthly?
Shipping of India typically pays dividends on a annually basis.
Does Shipping of India pay dividends quarterly?
Shipping of India currently pays dividends on a annually basis.
Has Shipping of India ever paid a dividend?
Yes, Shipping of India has a history of paying dividends to its shareholders. Shipping of India is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Shipping of India dividend stocks?
To buy Shipping of India you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Shipping of India stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Shipping of India stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Shipping of India pay dividends 2024?
Shipping of India pays dividends on a annually basis. 2024 dividend payments are in 2024-10-18. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Shipping of India increase its dividend in 2024?
Decisions regarding Shipping of India dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Shipping of India dividend overview you can look into the above table of dividend history.
How Shipping of India dividend works?
The Shipping of India dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Shipping of India's dividend process works:
1. Determination of Dividend: Shipping of India'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, Shipping of India 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, Shipping of India 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 Shipping of India 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. Determination of Dividend: Shipping of India'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, Shipping of India 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, Shipping of India 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 Shipping of India 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.
How are Shipping of India dividends paid?
Shipping of India dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Shipping of India 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, Shipping of India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Shipping of India 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.
1. Record Date: Shipping of India 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, Shipping of India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Shipping of India 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.
How many times does Shipping of India pay dividends?
Shipping of India typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Shipping of India pay dividends?
The general pattern is that Shipping of India pays dividends around September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Shipping of India dividend safe?
The safety of Shipping of India's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Shipping of India'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 Shipping of India'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.
To assess the safety of Shipping of India'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 Shipping of India'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.