COSCO Shipping Energy boosts payout despite profit dip

COSCO SHIPPING Energy Transportation (SSE:600026) plans a substantial dividend payout for 2024, earmarking a total distribution of RMB 2.051 billion to shareholders. Despite the generous distribution, shareholders have the opportunity to express their say in the matter as the proposed resolution remains subject to shareholder approval at the upcoming annual general meeting. The proposed distribution comprises a final dividend of RMB 1.002 billion, or RMB 0.21 per share, building on an interim dividend of RMB 1.050 billion, or RMB 0.22 per share, already distributed.