In This Article:
Exploring the Dividend Dynamics of a Global Logistics Leader
Introduction to Kuehne + Nagel International AG's Dividend
Kuehne + Nagel International AG (KHNGY) recently announced a dividend of $0.39 per share, payable on 2024-05-31, with the ex-dividend date set for 2024-05-15. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Kuehne + Nagel International AG's dividend performance and assess its sustainability.
What Does Kuehne + Nagel International AG Do?
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Kuehne + Nagel is a global transportation and logistics company based in Switzerland and founded in 1890. KN is the largest sea freight forwarder globally, and holds the number-two spot in air freight. Sea freight has traditionally constituted the largest part of the business, contributing almost half of group revenue in 2022. The company's goal is to become a more balanced, fully integrated freight forwarder while continually improving its end-to-end offering to its clients.
A Glimpse at Kuehne + Nagel International AG's Dividend History
Kuehne + Nagel International AG has maintained a consistent dividend payment record since 2012. Dividends are currently distributed on a yearly basis.
Breaking Down Kuehne + Nagel International AG's Dividend Yield and Growth
As of today, Kuehne + Nagel International AG currently has a 12-month trailing dividend yield of 3.28% and a 12-month forward dividend yield of 0.71%. This suggests an expectation of decreased dividend payments over the next 12 months.
Over the past three years, Kuehne + Nagel International AG's annual dividend growth rate was 51.80%. Extended to a five-year horizon, this rate decreased to 19.00% per year. And over the past decade, Kuehne + Nagel International AG's annual dividends per share growth rate stands at an impressive 10.30%.
Based on Kuehne + Nagel International AG's dividend yield and five-year growth rate, the 5-year yield on cost of Kuehne + Nagel International AG stock as of today is approximately 7.83%.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2024-03-31, Kuehne + Nagel International AG's dividend payout ratio is 1.33, which may suggest that the company's dividend may not be sustainable.