CSSC (Hong Kong) Shipping (HKG:3877) Is Increasing Its Dividend To HK$0.09

Simply Wall St.06-20

CSSC (Hong Kong) Shipping Company Limited (HKG:3877) will increase its dividend from last year's comparable payment on the 31st of July to HK$0.09. This makes the dividend yield about the same ...

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This makes the dividend yield about the same ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/diversified-financials/hkg-3877/cssc-hong-kong-shipping-shares/news/cssc-hong-kong-shipping-hkg3877-is-increasing-its-dividend-t\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CSSC (Hong Kong) Shipping (HKG:3877) Is Increasing Its Dividend To HK$0.09</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCSSC (Hong Kong) Shipping (HKG:3877) Is Increasing Its Dividend To HK$0.09\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-20 07:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/diversified-financials/hkg-3877/cssc-hong-kong-shipping-shares/news/cssc-hong-kong-shipping-hkg3877-is-increasing-its-dividend-t><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CSSC (Hong Kong) Shipping Company Limited (HKG:3877) will increase its dividend from last year's comparable payment on the 31st of July to HK$0.09.       This makes the dividend yield about the same ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/diversified-financials/hkg-3877/cssc-hong-kong-shipping-shares/news/cssc-hong-kong-shipping-hkg3877-is-increasing-its-dividend-t\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4159","symbol_name":"经销商","start_time":0,"source_url":"https://simplywall.st/stocks/hk/diversified-financials/hkg-3877/cssc-hong-kong-shipping-shares/news/cssc-hong-kong-shipping-hkg3877-is-increasing-its-dividend-t","article_id":"2444556252","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/7113000-choice2-main-header/1585186977594"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444556252","pubTimestamp":1718840610,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"CSSC (Hong Kong) Shipping Company Limited ( HKG:3877 ) will increase its dividend from last year's comparable payment...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4159":"经销商","CAGR":"California Grapes International, Inc.","BK1186":"特殊金融服务","03877":"中国船舶租赁"},"translate_title":"中船（香港）航运（HKG：3877）将股息提高至0.09港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03877":1,"CAGR":1},"content_text":"CSSC (Hong Kong) Shipping Company Limited (HKG:3877) will increase its dividend from last year's comparable payment on the 31st of July to HK$0.09.       This makes the dividend yield about the same as the industry average at 7.6%.    Check out our latest analysis for CSSC (Hong Kong) Shipping  CSSC (Hong Kong) Shipping's Payment Has Solid Earnings Coverage  Unless the payments are sustainable, the dividend yield doesn't mean too much.     Based on the last payment, CSSC (Hong Kong) Shipping was earning enough to cover the dividend, but free cash flows weren't positive.  We think that cash flows should take priority over earnings, so this is definitely a worry for the dividend going forward.    Over the next year, EPS is forecast to expand by 32.3%.   If the dividend continues along recent trends, we estimate the payout ratio will be 34%, which is in the range that makes us comfortable with the sustainability of the dividend.     SEHK:3877 Historic Dividend June 19th 2024 CSSC (Hong Kong) Shipping Is Still Building Its Track Record  Even though the company has been paying a consistent dividend for a while, we would like to see a few more years before we feel comfortable relying on it.      Since 2019, the annual payment back then was HK$0.06, compared to the most recent full-year payment of HK$0.12.      This works out to be a compound annual growth rate (CAGR) of approximately 15% a year over that time.     It is always nice to see strong dividend growth, but with such a short payment history we wouldn't be inclined to rely on it until a longer track record can be developed.     The Dividend Looks Likely To Grow  Investors could be attracted to the stock based on the quality of its payment history.     CSSC (Hong Kong) Shipping has seen EPS rising for the last five years, at 16% per annum.      Growth in EPS bodes well for the dividend, as does the low payout ratio that the company is currently reporting.    In Summary  Overall, we always like to see the dividend being raised, but we don't think CSSC (Hong Kong) Shipping will make a great income stock.       While the low payout ratio is a redeeming feature, this is offset by the minimal cash to cover the payments.      We would be a touch cautious of relying on this stock primarily for the dividend income.   It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one.  However, there are other things to consider for investors when analysing stock performance.   To that end, CSSC (Hong Kong) Shipping has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.   If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Valuation is complex, but we're helping make it simple.Find out whether CSSC (Hong Kong) Shipping is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're helping make it simple.Find out whether CSSC (Hong Kong) Shipping is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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