Hapag-Lloyd Aktiengesellschaft (HPGLY)
| Previous close | 89.68 |
| Open | 87.96 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 87.96 - 87.96 |
| 52-week range | 56.27 - 133.53 |
| Volume | |
| Avg. volume | 1,421 |
| Market cap | 30.958B |
| Beta (5Y monthly) | 1.29 |
| PE ratio (TTM) | 9.77 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 4.97 (5.54%) |
| Ex-dividend date | 02 May 2024 |
| 1y target est | N/A |
- Reuters
UPDATE 5-Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%
Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry's capacity between Asia and Europe by up to 20% in the second quarter. Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher. "The risk zone has expanded, and attacks are reaching further offshore," Denmark's Maersk said.
- GuruFocus.com
Hapag-Lloyd AG's Dividend Analysis
Hapag-Lloyd AG (HPGLY) recently announced a dividend of $4.96 per share, payable on 2024-05-21, with the ex-dividend date set for 2024-05-02. 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 Hapag-Lloyd AG's dividend performance and assess its sustainability.
- Reuters
Investors wait to see Red Sea in shippers' Q1 numbers
European shipping firms Maersk and Hapag-Lloyd are unlikely to get a big boost from soaring freight rates due to the Red Sea crisis in the first quarter, reinforcing worries about overcapacity in the long run. Spot freight rates tripled to almost $3,500 a container after vessels began avoiding the Red Sea due to attacks by Houthi militants, the Freightos Baltic Index showed. That compares to the pandemic peak of $13,559, at a time when shippers ordered new vessels in a move that later caused overcapacity, according to Stifel analyst Marc Zeck.
