Tufton Oceanic Assets Dividends SHIP

Dividends

Announcement Date	Type	Currency	Amount	Ex-Dividend Date	Record Date	Payment
18/10/2023	Dividend income or Cash Dividend	USD	0.02125	25/1/2024	26/1/2024	09/2/2024
17/1/2023	Dividend income or Cash Dividend	USD	0.02125	26/10/2023	27/10/2023	10/11/2023
17/1/2023	Dividend income or Cash Dividend	GBP	0.01662	27/7/2023	28/7/2023	11/8/2023
17/1/2023	Dividend income or Cash Dividend	USD	0.02125	27/4/2023	28/4/2023	11/5/2023
18/10/2022	Dividend income or Cash Dividend	GBP	0.01723	26/1/2023	27/1/2023	10/2/2023
19/7/2022	Dividend income or Cash Dividend	GBP	0.01738	27/10/2022	28/10/2022	11/11/2022
19/7/2022	Dividend income or Cash Dividend	USD	0.02	28/7/2022	29/7/2022	12/8/2022
27/4/2022	Dividend income or Cash Dividend	USD	0.02	05/5/2022	06/5/2022	20/5/2022
18/1/2022	Dividend income or Cash Dividend	USD	0.02	27/1/2022	28/1/2022	11/2/2022
21/10/2021	Dividend income or Cash Dividend	USD	0.02	28/10/2021	29/10/2021	12/11/2021
22/7/2021	Dividend income or Cash Dividend	USD	0.01875	29/7/2021	30/7/2021	13/8/2021
22/4/2021	Dividend income or Cash Dividend	USD	0.01875	29/4/2021	30/4/2021	14/5/2021
21/1/2021	Dividend income or Cash Dividend	USD	0.01875	28/1/2021	29/1/2021	12/2/2021
26/10/2020	Dividend income or Cash Dividend	USD	0.0175	05/11/2020	06/11/2020	20/11/2020
30/7/2020	Dividend income or Cash Dividend	USD	0.0175	06/8/2020	07/8/2020	21/8/2020
-	Dividend income or Cash Dividend	USD	0.0175	07/5/2020	11/5/2020	26/5/2020
-	Dividend income or Cash Dividend	USD	0.0175	06/2/2020	07/2/2020	21/2/2020
01/2/2019	Dividend income or Cash Dividend	USD	0.0175	07/11/2019	08/11/2019	22/11/2019
01/2/2019	Dividend income or Cash Dividend	USD	0.0175	08/8/2019	09/8/2019	23/8/2019
27/7/2018	Dividend income or Cash Dividend	USD	0.0175	02/5/2019	03/5/2019	17/5/2019

Dividends data is taken only from official company reports.

Top Dividend Posts

Top Posts
Posted at 08/2/2024 14:14 by rimau1 Tipped in the IC Alpha today although i don't have access, this was off my radar so i have bought some, the economics for shareholder returns seem compelling! 9% dividend, a possible capital return (based on the recently announced ship disposals i guess) and a 25% discount to BV in a structural growth market. Read Full Thread Reply
Posted at 17/1/2024 11:20 by valhamos Yes - an excellent update, the company has performed and managed risks well over the years. Very pleased with the increase in dividend and the strong investment outlook with realisation then starting in 2028. Read Full Thread Reply
Posted at 17/1/2024 08:55 by lord gnome Humdinger of an update this morning. Dividends increased to 10cents per share, nav up to $1.45 and a very possible substantial special dividend to return some capital. Just had to buy some more. RNS reads as though they are already planning to wind up the trust in 2027, in which case we could see substantial capital returns in due course. Lovely. Read Full Thread Reply
Posted at 20/1/2023 11:00 by lord gnome Back in with a few today. Looking to diversify sources of income in an uncertain market and this looks as good as any. Appears to have good asset cover and a slowly increasing dividend. Will look to add but don't want to go in too deep. Read Full Thread Reply
Posted at 28/7/2021 14:03 by valhamos The improved NAV predicted a year ago in my post 19 above has certainly come to pass. Good to see Tufton capitalising on strong container ship values with a couple of disposals this month with realised IRR of 31% and 47% with proceeds being recycled into vessels with excellent yields. With the planned dividend increase in Q3 yield will be a still very attractive 6.6% Read Full Thread Reply
Posted at 22/4/2021 07:11 by jonwig Tufton Oceanic Assets announces that as at 31 March 2021, the unaudited net asset value ("NAV") was $284.44 million and the unaudited NAV per ordinary share was $1.053. The NAV total return for the quarter was 9.1%. The Company is pleased to announce a dividend of $0.01875 per ordinary share for the quarter ending 31 March 2021. The dividend will be paid on 14 May 2021 to holders of ordinary shares recorded on the register as at close of business on 30 April 2021 with an ex-dividend date of 29 April 2021. The Company continues to target a total annual dividend of $0.075 per share and is forecast to have a dividend cover of c.1.7x over the next 18 months and an average expected charter length of c.2.5 years (EBITDA weighted). The Company's quarterly factsheet as at 31 March 2021 will shortly be available on the Company's website in the Investor Relations section under Company Documents at www.tuftonoceanicassets.com/quarterly-reports . Read Full Thread Reply
Posted at 12/4/2021 20:18 by marktime1231 Watching SHIP for a while attracted by the positive well-funded narrative and the high yield. Is this an enduring good business or a temporary bubble of demand for certain classes of shipping? I wonder what the downside looks like, too risky to be in my pension portfolio? This is a UK based (and taxed?) company but registered in Guernsey or IoM, priced in dollars ... so er is the dividend recalculated in pence and paid gross of any witholding taxes? Read Full Thread Reply
Posted at 22/3/2021 08:23 by jonwig Interims; Robust performanc, and strong outlook: At the end of the financial period, the Company had increased charter cover to c. 2.8 years and strong forecast dividend cover of c.1.5x over the next 12-18 months. I am encouraged by the Company's performance over the financial period and believe the strategy of diversification, strong charter cover and low leverage will enable the Company to grow profitably in the coming years. Read Full Thread Reply
Posted at 08/3/2019 13:56 by roman2325 So in the last announcement the company said: "The Company's capital resources are now fully committed. This investment will increase the Company's operating cash flow post fees and post capex to a level that will cover the Company's stated 7% target dividend* by over 1.7x. It will also increase the Company's average charter length." The company 2 seconds later said: *This is a target only and not a profit forecast. There can be no assurance that the target can or will be met and should not be taken as an indication of the Company's expected or actual future results. Accordingly, potential investors should not place any reliance on this target in deciding whether or not to invest in the Company or assume that the Company will make any distributions at all and should decide for themselves whether or not the target dividend yield is reasonable or achievable. The target dividend yield is based on the IPO issue price of US$1.00 per ordinary share. Pleasing to see they read this Bulletin Board ;) Read Full Thread Reply
Posted at 07/2/2018 00:07 by masurenguy Focusing upon an interesting niche market with potentially an excellent yield ! Earn a steady income from ships Just before Christmas a Guernsey-based fund called Tufton Oceanic Assets (LSE: SHIP) launched on the London Stock Exchange, marking a real first for London – a chance for investors to make an income by renting out ships. Investors have long been able to invest in shipping giants such as Maersk or Hapag-Lloyd. But these are cyclical trading businesses, rather than ones focused on producing a steady dividend stream. In the UK, it has been possible to invest in a few small ship-owning companies under the Enterprise Investment Scheme (EIS), but there were no shipping investment trusts. This is a pity, because there’s much to like about the market. Like aeroplanes, ships produce a steady stream of rental or lease payments, and the market in shipping rentals is huge and very liquid, with many reliable, creditworthy customers. On the downside, its cyclical nature means the market is prone to bouts of oversupply, with prices collapsing as a result – as they did for the Baltic Dry index (which charts the cost of transporting raw materials) after 2008. But unlike many other asset-backed markets, grabbing hold of delinquent assets in a slump isn’t hard – repossessions have been going on for hundreds of years, and there is a very liquid market in new rentals for the ship owner. And as with any cyclical market, there’s always the potential for an upturn – indeed, we may be seeing one right now. The Baltic Dry has risen by around 60% over the past five years. The global economy is humming, helped by a strong US and China. Cargo rates have stabilised, and shipyards are relatively less busy – the global order book for new ships is at a 20-year low, and shipyard capacity has shrunk by 16% since 2012. An established player Tufton is an established player in the second-hand ship market, managing around $1.5bn across a variety of funds. It tends to target product tankers, bulk-cargo ships and smaller container ships. The vessels themselves might be anything from five- to 20-years old, trading at between 30% and 70% of their new value, while customers charter them for between two and ten years. As with aeroplanes, sale-and-leaseback deals are common – a big operator sells their new ship to a funding vehicle such as Tufton, then leases it from them. This leaves the finance outfit to deal with the hassle of the final residual value, or resale value. This is where the real profits are made – by buying second-hand ships cheaply, and making sure the residual value is as high as possible. Tufton maintains that now is the right time to buy. Certain types of ship are still quite cheap to buy, but rental rates are rising alongside the economy. This upturn isn’t being swamped (yet) by a sudden spike in new ship construction. Tufton reckons it can pay out 7% per year (5% in the first year), with an overall internal rate of return (a measure of project profitability) – including capital gains – of 12%. Tufton’s existing institutional fund has made a total return of 12.5% since 2015. The risks are clear (which is why the fund is floated on the specialist market, aimed at institutions and sophisticated investors). Shipping is cyclical and, in a downturn, residual values could plunge, and rental yields dry up. The fund is also dollar-denominated, which introduces currency risk. Yet as part of a diversified portfolio, this is an excellent source of alternative income, with real asset backing and steady income streams. Read Full Thread Reply