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Commentary (25 Apr 2024 @ 09:30):

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide...

Stats
Today's Volume	1 866.00
Average Volume	21 724.00
Market Cap	266.94M
EPS	$0 ( 2024-02-28 )
Next earnings date	( $-0.210 ) 2024-05-15
Last Dividend	$1.648 ( 2023-10-19 )
Next Dividend	$0 ( N/A )
P/E	-27.67
ATR14	$0.0560 (0.41%)

Grindrod Shipping Correlation

10 Most Positive Correlations
THMA	0.959
ASPS	0.955
NKTX	0.953
RIVN	0.952
CREG	0.95
PEAR	0.95
EVLO	0.949
NCBS	0.945
VORB	0.945
PLIN	0.944

10 Most Negative Correlations
CBAY	-0.977
FXCO	-0.969
NLSP	-0.966
BRAC	-0.964
TLND	-0.955
BTWN	-0.955
KRMD	-0.954
BKCH	-0.953
BLEU	-0.952
DHCAU	-0.952

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Grindrod Shipping Financials

Annual	2023
Revenue:	$387.10M
Gross Profit:	$36.88M (9.53 %)
EPS:	$-0.490

Q4	2023
Revenue:	$88.79M
Gross Profit:	$10.74M (12.10 %)
EPS:	$-0.120

Q3	2023
Revenue:	$112.46M
Gross Profit:	$4.19M (3.72 %)
EPS:	$-0.440

Q2	2023
Revenue:	$109.07M
Gross Profit:	$16.45M (15.08 %)
EPS:	$0.280

Financial Reports:

No articles found.

Grindrod Shipping Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
$0.840 (N/A)	$5.00 (N/A)	$0.0300 (N/A)	$0.0300 (N/A)	$0 (N/A)	$1.648 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)

Grindrod Shipping Dividend Information - Dividend Royal

Dividend Sustainability Score: 6.05 - average (68.71%) | Divividend Growth Potential Score: 3.53 - Decrease likely (29.35%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	$0.720	2021-12-02
Last Dividend	$1.648	2023-10-19
Next Dividend	$0	N/A
Payout Date	2023-11-24
Next Payout Date	N/A
# dividends	8	--
Total Paid Out	$9.46	--
Avg. Dividend % Per Year	12.14%	--
Score	7.02	--
Div. Sustainability Score	6.05
Div.Growth Potential Score	3.53
Div. Directional Score	4.79	--

Next Divdend (Est)
(2024-07-15)

$2.02 Estimate 20.00 %

Dividend Stability

0.53 Average

Dividend Score

7.02

Pay Frequency

Quarterly

Yearly Payout

Year	Amount	Yield
2021	$0.720	15.10%
2022	$7.03	38.80%
2023	$1.708	9.55%
2024	$0	0.00%

Dividend Commentary

With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for NASDAQ

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend	Score
GAIN	Dividend Royal	2023-12-04	Monthly	20	8.19%	8.50
GLDI	Dividend Royal	2023-11-20	Monthly	12	7.15%	8.50
OXLC	Dividend Royal	2023-12-14	Monthly	14	10.00%	8.50
PSEC	Dividend Royal	2023-12-26	Monthly	21	7.04%	8.50
SLVO	Dividend Royal	2023-11-20	Monthly	12	10.77%	8.50
QYLD	Dividend Royal	2023-11-20	Monthly	11	7.50%	8.50
OXSQ	Dividend Diamond	2023-12-14	Monthly	21	9.10%	8.50
HRZN	Dividend King	2023-12-18	Monthly	15	6.60%	8.45
USOI	Dividend Royal	2023-11-20	Monthly	8	16.70%	8.28
PFLT	Dividend King	2023-11-15	Monthly	14	6.50%	8.27

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	-0.0249	1.500	-0.497	-0.746	[0 - 0.5]
returnOnAssetsTTM	-0.0209	1.200	-0.696	-0.835	[0 - 0.3]
returnOnEquityTTM	-0.0351	1.500	-1.501	-2.25	[0.1 - 1]
payoutRatioTTM	-0.121	-1.000	-1.215	1.215	[0 - 1]
currentRatioTTM	1.132	0.800	9.34	7.47	[1 - 3]
quickRatioTTM	0.852	0.800	9.69	7.75	[0.8 - 2.5]
cashRatioTTM	0.685	1.500	7.31	10.00	[0.2 - 2]
debtRatioTTM	0.379	-1.500	3.68	-5.53	[0 - 0.6]
interestCoverageTTM	0.416	1.000	-0.957	-0.957	[3 - 30]
operatingCashFlowPerShareTTM	7.89	2.00	7.37	10.00	[0 - 30]
freeCashFlowPerShareTTM	7.85	2.00	6.08	10.00	[0 - 20]
debtEquityRatioTTM	0.710	-1.500	7.16	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.0992	1.000	-1.680	-1.680	[0.2 - 0.8]
operatingProfitMarginTTM	0.0175	1.000	-1.651	-1.651	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.889	1.000	6.17	6.17	[0.2 - 2]
assetTurnoverTTM	0.840	0.800	7.73	6.19	[0.5 - 2]
Total Score				6.05

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	-27.82	1.000	-2.91	0	[1 - 100]
returnOnEquityTTM	-0.0351	2.50	-0.965	-2.25	[0.1 - 1.5]
freeCashFlowPerShareTTM	7.85	2.00	7.38	10.00	[0 - 30]
dividendYielPercentageTTM	12.34	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	7.89	2.00	7.37	10.00	[0 - 30]
payoutRatioTTM	-0.121	1.500	-1.215	1.215	[0 - 1]
pegRatioTTM	0.708	1.500	8.61	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.401	1.000	2.47	0	[0.1 - 0.5]
Total Score				3.53

Grindrod Shipping

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates one owned tanker, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.