Shareholders of Japan’s three largest public shipowners hoping for a hefty payout on the back of the red-hot containership market might be disappointed, a top analyst has warned.
Ocean Network Express (ONE) is expected to have a dividend payout ratio of 30%, according to Nomura Japan transport analyst Masaharu Hirokane.
“We previously assumed that NYK Line and Mitsui OSK Lines would increase their dividend payout ratios from around 25% and around 20%, respectively, at present to around 30% from FY2023 onwards,” the Tokyo-based analyst said.
