If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Cosco Shipping Development Co Ltd is 0.71, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Cosco Shipping Development Co was 0.96. The lowest was 0.16. And the median was 0.32.
During the past 12 months, Cosco Shipping Development Co's average Dividends Per Share Growth Rate was -61.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 24.60% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Cosco Shipping Development Co was 89.90% per year. The lowest was 24.60% per year. And the median was 57.25% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Cosco Shipping Development Co Dividend Yield % Historical Data
* 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.
Cosco Shipping Development Co Dividend Yield % Chart
Competitive Comparison of Cosco Shipping Development Co's Dividend Yield %
For the Aerospace & Defense subindustry, Cosco Shipping Development 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.
Cosco Shipping Development Co's Dividend Yield % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Cosco Shipping Development Co's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Cosco Shipping Development Co's Dividend Yield % falls into.
Cosco Shipping Development Co Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Cosco Shipping Development Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
HKD 0.095
2023-07-06
2023-07-08
2023-07-28
Cash Dividend
annually
HKD:USD 0.128223
* 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.
* 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 Development Co (OTCPK:CITAF) 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.
Cosco Shipping Development Co Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Cosco Shipping Development Co's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description
COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.
Cosco Shipping Development Co (Cosco Shipping Development Co) Headlines
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