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. 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?
Swiss freight forwarder Kuehne+Nagel reported a 39% drop in quarterly operating profit but beat market expectations on Tuesday, aided by cost cutting measures amid geopolitical concerns. Conflicts and geopolitical tensions are challenging the freight industry, which has to face shipping disruptions caused by militant attacks in the Red Sea and Russia's airspace closure following its invasion of Ukraine. Persistent supply chain issues in this complex geopolitical situation require more sophisticated supply chain solutions and more value-added services from companies like Kuehne+Nagel, a company representative said.
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