SITC International Holdings Company Limited, a shipping logistics company, provides integrated transportation and logistics solutions in Mainland China, Hong Kong, Taiwan, Japan, Southeast Asia, and internationally. It operates through two segments, Container Shipping and Logistics; and Dry Bulk and Others. The Container Shipping and Logistics segment offers container transportation, freight forwarding, shipping agency, and depot and warehousing services. The Dry Bulk and Others segment provides dry bulk vessel and land leasing, as well as air freight forwarding services. As of December 31, 2021, the company operated a fleet of 96 vessels with a total capacity of 143,115 TEU, including 68 self-owned vessels with a capacity of 103,663 TEU and 28 chartered vessels with a capacity of 39,452 TEU; and 5 dry bulk vessels with a total tonnage of 362,000 tons. It also offers container and vessel holding, and chartering; technology support; container maintenance; customs declaration; and multimodal transportation services. The company was founded in 1991 and is headquartered in Wan Chai, Hong Kong. SITC International Holdings Company Limited is a subsidiary of Resourceful Link Management Limited.
SITC International Dividend Announcement
• SITC International announced a quarterly dividend of $0.52 per ordinary share which will be made payable on 2024-12-02. Ex dividend date: 2024-11-06
• SITC International annual dividend for 2024 was $2.08
• SITC International annual dividend for 2023 was $2.80
• SITC International's trailing twelve-month (TTM) dividend yield is 9.89%
• SITC International's payout ratio for the trailing twelve months (TTM) is 103.37%
SITC International Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-06 | $0.52 | quarterly | 2024-12-02 |
2024-09-03 | $0.92 | quarterly | 2024-10-07 |
2024-05-01 | $0.64 | quarterly | 2024-06-05 |
2023-08-25 | $0.77 | quarterly | 2023-09-29 |
2023-04-25 | $2.04 | quarterly | 2023-06-01 |
2022-08-26 | $3.06 | quarterly | 2022-09-29 |
2022-04-25 | $1.79 | quarterly | 2022-05-31 |
2021-12-30 | $1.02 | quarterly | 2022-01-31 |
2021-08-26 | $1.28 | quarterly | 2021-09-27 |
2021-04-28 | $0.77 | quarterly | 2021-06-01 |
SITC International Dividend per year
SITC International Dividend growth
SITC International Dividend Yield
SITC International current trailing twelve-month (TTM) dividend yield is 9.89%. Interested in purchasing SITC International stock? Use our calculator to estimate your expected dividend yield:
SITC International Financial Ratios
SITC International Dividend FAQ
Other factors to consider when evaluating SITC International 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: SITC International'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, SITC International 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, SITC International 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 SITC International 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: SITC International 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, SITC International distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: SITC International 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 SITC International'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 SITC International'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.