NEWPORT NEWS, Va., Oct. 21, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.41 per share, a $0.03 increase over the $1.38 per share dividend paid in each of the prior four quarters. The $1.41 per share dividend will be payable on Dec. 11, 2026, to shareholders of record as of the close of business on Nov. 27, 2026. About HII Brooke Hart (Media) brooke.hart@hii.com 202-264-7108 Christie Thomas (Investors) christie.thomas@hii.co ...

7 October 2026 | 9:36PM HKT Equity Research Guangdong Songfa Ceramics Co (603268.SS) Materially upgrading earnings and TP on phase IV capacity expansion; Buy 603268.SS 12m Price Target: Rmb300.00 Price: Rmb213.66 Upside: 40.4% We raise 12m TP by 50% to Rmb300/share, implying 40% upside, to factor in its further capacity expansion and strong order win. Songfa Ceramics (with Hengli Heavy Industry as its primary asset) remains our top pick within our shipbuilding coverage. Further capacity expansion to capture ...

7 October 2026 | 9:34PM HKT Equity Research GLOBAL SHIPBUILDING 2027 outlook: should capacity expansion be a concern now? We revisit our proprietary global shipbuilding supply-demand model (Exhibit 3), and raise our shipyards' capacity growth forecast to 8%/9% in 2026/27E (vs. 5%/4% prior) to factor in more confirmed expansion plans mainly in China (e.g. Hengli). We remain bullish on the shipbuilding industry, as simultaneously we also revise up our new order (demand) forecast by 26%/13% (excl. the impact o ...

E s s e n t i a l s | 15 Oct 2026 07:07:06 ET │ 38 pages Guangdong Songfa Ceramics (603268.SS) Initiating at Buy: Riding the Upcycle into 2035 CITI'S TAKE We initiate at Buy on Songfa, the listed vehicle of Hengli Heavy Industry and the world's second- and third-largest shipbuilder by DWT/CGT orderbooks. Our TP of Rmb300 is set at a ~15% premium to regional peers. Although the stock has risen sharply in the past year, we see scope for further rerating for the following reasons: 1) the global shipbuilding up ...