Hong Kong’s Orient Overseas International (OOIL) still has more financial firepower to reward shareholders, says a regional analyst.
The parent of Orient Overseas Container Line (OOCL) recently declared an interim dividend of $0.86 per share, including an ordinary dividend of $0.69 and a special dividend of $0.17.
The total dividend represented a 50% payout ratio and although this payout ratio was still higher than the company’s stated 40% payout ratio in its dividend policy, it was lower than the 70% interim dividend payout ratio last year.
