Shipping Corporation of India Dividend
Dividend criteria checks 2/6
Shipping of India is a dividend paying company with a current yield of 0.19% that is well covered by earnings. Next payment date is on 18th October, 2024 with an ex-dividend date of 6th September, 2024.
Key information
0.2%
Dividend yield
3%
Payout ratio
| Industry average yield | 4.5% |
| Next dividend pay date | 18 Oct 24 |
| Ex dividend date | 06 Sep 24 |
| Dividend per share | ₹0.500 |
| Earnings per share | ₹17.15 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Shipping Corporation of India (NSE:SCI) Is Increasing Its Dividend To ₹0.50
Aug 17
Little Excitement Around The Shipping Corporation of India Limited's (NSE:SCI) Earnings As Shares Take 26% Pounding
Aug 12The Shipping Corporation of India Limited (NSE:SCI) Stock Catapults 28% Though Its Price And Business Still Lag The Market
Jun 13Shipping Corporation of India (NSE:SCI) Seems To Use Debt Quite Sensibly
Jun 11Does Shipping Corporation of India (NSE:SCI) Deserve A Spot On Your Watchlist?
May 14Does Shipping Corporation of India (NSE:SCI) Deserve A Spot On Your Watchlist?
Feb 11Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
Jan 22Improved Earnings Required Before The Shipping Corporation of India Limited (NSE:SCI) Stock's 26% Jump Looks Justified
Dec 20Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
Sep 16Shipping Corporation of India's (NSE:SCI) Returns On Capital Are Heading Higher
Jun 07We Think Shipping Corporation of India (NSE:SCI) Can Stay On Top Of Its Debt
Mar 22Shipping Corporation of India (NSE:SCI) Is Looking To Continue Growing Its Returns On Capital
Jan 04Should You Be Adding Shipping Corporation of India (NSE:SCI) To Your Watchlist Today?
Nov 29We Ran A Stock Scan For Earnings Growth And Shipping Corporation of India (NSE:SCI) Passed With Ease
Aug 04Is There Now An Opportunity In The Shipping Corporation of India Limited (NSE:SCI)?
Jun 15Shipping Corporation of India (NSE:SCI) Is Looking To Continue Growing Its Returns On Capital
Apr 06Do Shipping Corporation of India's (NSE:SCI) Earnings Warrant Your Attention?
Mar 04Returns On Capital At Shipping Corporation of India (NSE:SCI) Have Hit The Brakes
Dec 21Here's Why Shipping Corporation of India (NSE:SCI) Can Manage Its Debt Responsibly
Nov 23Is Now The Time To Look At Buying The Shipping Corporation of India Limited (NSE:SCI)?
Jun 11Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
May 26Here's Why We Think Shipping Corporation of India (NSE:SCI) Is Well Worth Watching
Apr 05Can Shipping Corporation of India (NSE:SCI) Continue To Grow Its Returns On Capital?
Mar 17Is The Shipping Corporation of India Limited (NSE:SCI) An Attractive Dividend Stock?
Mar 01Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SCI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SCI has only been paying a dividend for 4 years, and since then payments have fallen.
Dividend Yield vs Market
| Shipping Corporation of India Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SCI) | 0.2% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Shipping) | 4.5% |
| Analyst forecast in 3 Years (SCI) | n/a |
Notable Dividend: SCI's dividend (0.19%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: SCI's dividend (0.19%) is low compared to the top 25% of dividend payers in the Indian market (1.06%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (3.4%), SCI's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (4.8%), SCI's dividend payments are thoroughly covered by cash flows.