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COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Forward Dividend Yield % : 9.49% (As of May. 10, 2024)


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What is COSCO SHIPPING International (Hong Kong) Co Forward Dividend Yield %?

As of today (2024-05-10), the Forward Annual Dividend Yield of COSCO SHIPPING International (Hong Kong) Co is 9.49%.

As of today (2024-05-10), the Trailing Annual Dividend Yield of COSCO SHIPPING International (Hong Kong) Co is 9.21%.

HKSE:00517's Forward Dividend Yield % is ranked better than
90.43% of 627 companies
in the Transportation industry
Industry Median: 3.12 vs HKSE:00517: 9.49

COSCO SHIPPING International (Hong Kong) Co's Dividends per Share for the six months ended in Dec. 2023 was HK$0.23.

During the past 12 months, COSCO SHIPPING International (Hong Kong) Co's average Dividends Per Share Growth Rate was 70.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 28.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 14.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of COSCO SHIPPING International (Hong Kong) Co was 33.60% per year. The lowest was -8.40% per year. And the median was 14.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of COSCO SHIPPING International (Hong Kong) Co's Forward Dividend Yield %

For the Marine Shipping subindustry, COSCO SHIPPING International (Hong Kong) Co's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


COSCO SHIPPING International (Hong Kong) Co's Forward Dividend Yield % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING International (Hong Kong) Co's Forward Dividend Yield % distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING International (Hong Kong) Co's Forward Dividend Yield % falls into.



COSCO SHIPPING International (Hong Kong) Co Forward Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

COSCO SHIPPING International (Hong Kong) Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
HKD 0.2250002023-09-112023-09-122023-09-28Cash Dividendsemi-annuallyHKD:HKD 1.000000
HKD 0.1150002023-06-052023-06-072023-06-28Cash Dividendsemi-annuallyHKD:HKD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

COSCO SHIPPING International (Hong Kong) Co's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.45/3.83
=11.75 %

Current Share Price is HK$3.83.
COSCO SHIPPING International (Hong Kong) Co's Dividends per Share for the forward twelve months is calculated as HK$0.225 * 2 = HK$0.45.

COSCO SHIPPING International (Hong Kong) Co's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.34/3.83
=8.88 %

Current Share Price is HK$3.83.
COSCO SHIPPING International (Hong Kong) Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is HK$0.34.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


COSCO SHIPPING International (Hong Kong) Co  (HKSE:00517) Forward Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


COSCO SHIPPING International (Hong Kong) Co Forward Dividend Yield % Related Terms

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COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Business Description

Traded in Other Exchanges
Address
183 Queen's Road Central, 47th Floor, COSCO Tower, Hong Kong, HKG
COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Marine fuel and other products, and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts. The company has a business network in Mainland China, Hong Kong, Singapore, Japan, Germany, and the USA, among other countries.

COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Headlines

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