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Higoshipping Co (BJSE:872351) Dividend Yield % : 4.51% (As of Jun. 06, 2024)


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What is Higoshipping Co Dividend Yield %?

As of today (2024-06-06), the Trailing Annual Dividend Yield of Higoshipping Co is 4.51%.

The historical rank and industry rank for Higoshipping Co's Dividend Yield % or its related term are showing as below:

BJSE:872351' s Dividend Yield % Range Over the Past 10 Years
Min: 2.67   Med: 4.43   Max: 6.28
Current: 4.51

During the past 9 years, the highest Dividend Yield of Higoshipping Co was 6.28%. The lowest was 2.67%. And the median was 4.43%.

BJSE:872351's Dividend Yield % is ranked better than
70.7% of 628 companies
in the Transportation industry
Industry Median: 2.925 vs BJSE:872351: 4.51

Higoshipping Co's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Higoshipping Co Ltd is 0.71, which seems too high.

During the past 9 years, the highest Dividend Payout Ratio of Higoshipping Co was 0.71. The lowest was 0.64. And the median was 0.64.

As of today (2024-06-06), the Forward Dividend Yield % of Higoshipping Co is 9.02%.

Higoshipping Co's Dividends per Share for the three months ended in Mar. 2024 was ¥0.00.

The growth rate is calculated with least square regression.

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


Higoshipping Co Dividend Yield % Historical Data

The historical data trend for Higoshipping Co's Dividend Yield % can be seen below:

* 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.

* Premium members only.

Higoshipping Co Dividend Yield % Chart

Higoshipping Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only - - - - 3.26

Higoshipping Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 54.45 3.26 4.44

Competitive Comparison of Higoshipping Co's Dividend Yield %

For the Marine Shipping subindustry, Higoshipping Co's Dividend Yield %, along with its competitors' market caps and 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.


Higoshipping Co's Dividend Yield % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Higoshipping Co's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Higoshipping Co's Dividend Yield % falls into.



Higoshipping Co Dividend Yield % Calculation

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

Higoshipping Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CNY 0.3000002023-07-172023-07-142023-07-17Cash Dividendsemi-annuallyCNY:CNY 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.

Higoshipping Co's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.3/6.42
=4.67 %

Current Share Price is ¥6.42.
Higoshipping Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is ¥0.3.

Higoshipping Co's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.6/6.42
=9.35 %

Current Share Price is ¥6.42.
Higoshipping Co's Dividends per Share for the forward twelve months is calculated as ¥0.3 * 2 = ¥0.6.

* 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.


Higoshipping Co  (BJSE:872351) 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.


Higoshipping Co Dividend Yield % Related Terms

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Higoshipping Co (BJSE:872351) Business Description

Traded in Other Exchanges
N/A
Address
Furong Middle Road, Room 1910, Xinshikong, No. 398, Section 3, Tianxin District, Hunan Province, Changsha City, CHN, 410007
Higoshipping Co Ltd is a logistics enterprise integrating domestic feeder container liner transportation, international shipping agency, international freight forwarder, and third-party logistics. The company's shipping lines mainly include river-sea container shipping from Changsha Port to Shanghai Outer Port, International freight forwarding, river-ocean combined transport container liner transport, and road transport on the feeder line of the Yangtze River.

Higoshipping Co (BJSE:872351) Headlines

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