South Ocean Holdings Limited, an investment holding company, manufactures and distributes electrical wires in South Africa. The company operates through two segments, Electrical Cable Manufacturing, and Property Investments. It offers bare copper earth wires, general purpose house wires, flat-twin and earth cables, surface wiring, twin illumination cables, cabtyre, single core flex, solid panel wire, flex power, ripcord, mains cord, submersible pump cables, nitrile trailing cables, PVC nitrile welding cables, flame retardant armoured cables, low halogen armoured cables, armoured cables, single core double PVC cables, single core double PVC AWA PVC cables, aluminium conductors, aluminium conductor steel reinforced, low-voltage aerial bundle conductors, and conduit pipes, as well as copper and aluminum cables. In addition, it invests in properties. The company sells its products to electrical wholesalers and distributors. South Ocean Holdings Limited was founded in 1989 and is based in Alrode, South Africa.
South Ocean Dividend Announcement
• South Ocean announced a annually dividend of R11.00 per ordinary share which will be made payable on . Ex dividend date: 2024-04-17
• South Ocean annual dividend for 2024 was R11.00
• South Ocean annual dividend for 2023 was R6.00
• South Ocean's trailing twelve-month (TTM) dividend yield is 5.5%
• South Ocean's payout ratio for the trailing twelve months (TTM) is 21.54%
South Ocean Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-04-17 | R11.00 | annually | |
2023-04-19 | R6.00 | annually | 2023-04-24 |
2022-04-20 | R9.00 | annually | 2022-04-25 |
2021-03-30 | R3.00 | annually | 2021-04-06 |
2010-04-01 | R3.00 | annually | |
2008-09-01 | R7.00 | annually | |
2008-04-07 | R20.00 | annually | |
2007-08-27 | R6.00 | annually |
South Ocean Dividend per year
South Ocean Dividend growth
South Ocean Dividend Yield
South Ocean current trailing twelve-month (TTM) dividend yield is 5.5%. Interested in purchasing South Ocean stock? Use our calculator to estimate your expected dividend yield:
South Ocean Financial Ratios
South Ocean Dividend FAQ
Other factors to consider when evaluating South Ocean 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: South Ocean'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, South Ocean 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, South Ocean 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 South Ocean 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: South Ocean 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, South Ocean distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: South Ocean 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 South Ocean'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 South Ocean'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.