Bank of Nanjing Co., Ltd. provides various financial products and services to micro or small enterprises, medium or large corporates, and employees in China. The company offers RMB or foreign currency deposits, including demand deposits, term deposits, call deposits, and contract deposits in RMB; basic, ordinary, temporary, and special purpose RMB deposit accounts; and current and capital foreign exchange accounts. It also provides working capital loans, project loans, inventory loans, bill discounting services, project loan bill acceptance services, and trade financing services, as well as mortgage loans; LC credit limit, import LC, shipping guarantee, and trust receipt loans for importers; and financing on the order, export LC financing, package loan, discounted commercial invoice, forfeiting, and financing on export insurance services for exporters. In addition, the company offers salary card, salary payment, wealth management, credit card, consumer finance, online corporate banking, corporate card, and risk hedging services; and cash management services, including account, collection and payment, investment and financing, liquidity, and risk management. Further, it provides trade services, such as international remittance, RMB cross-border settlement, letter of credit, international collection, letter of guarantee and SBLCs, foreign exchange spot and forward, and trade specialist contact. The company operates through a network of 136 branches. Bank of Nanjing Co., Ltd. was founded in 1996 and is based in Nanjing, China.
Bank of Nanjing Dividend Announcement
• Bank of Nanjing announced a semi annually dividend of ¥0.35 per ordinary share which will be made payable on 2024-11-01. Ex dividend date: 2024-11-01
• Bank of Nanjing annual dividend for 2024 was ¥0.88
• Bank of Nanjing annual dividend for 2023 was ¥0.53
• Bank of Nanjing's trailing twelve-month (TTM) dividend yield is 8.35%
• Bank of Nanjing's payout ratio for the trailing twelve months (TTM) is 86.31%
• Bank of Nanjing's dividend growth over the last five years (2018-2023) was 9.13% year
• Bank of Nanjing's dividend growth over the last ten years (2013-2023) was 2.78% year
Bank of Nanjing Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-01 | ¥0.35 | semi annually | 2024-11-01 |
2024-06-14 | ¥0.54 | semi annually | 2024-06-14 |
2023-06-21 | ¥0.53 | semi annually | 2023-06-21 |
2022-06-17 | ¥0.46 | semi annually | 2022-06-17 |
2021-06-04 | ¥0.39 | semi annually | 2021-06-04 |
2020-06-19 | ¥0.39 | semi annually | 2020-06-19 |
2019-07-31 | ¥0.39 | semi annually | 2019-07-31 |
2018-08-08 | ¥0.34 | semi annually | 2018-08-08 |
2017-07-18 | ¥0.26 | semi annually | 2017-07-18 |
2016-06-07 | ¥0.40 | semi annually | |
2015-09-23 | ¥0.50 | semi annually | |
2014-07-25 | ¥0.46 | semi annually | |
2013-07-18 | ¥0.41 | semi annually |
Bank of Nanjing Dividend per year
Bank of Nanjing Dividend growth
Bank of Nanjing Dividend Yield
Bank of Nanjing current trailing twelve-month (TTM) dividend yield is 8.35%. Interested in purchasing Bank of Nanjing stock? Use our calculator to estimate your expected dividend yield:
Bank of Nanjing Financial Ratios
Bank of Nanjing Dividend FAQ
Other factors to consider when evaluating Bank of Nanjing as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Place an order: Use the brokerage's trading platform to place an order to buy Bank of Nanjing stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Bank of Nanjing's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Bank of Nanjing publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Bank of Nanjing distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Bank of Nanjing are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Bank of Nanjing sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Bank of Nanjing distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bank of Nanjing declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Bank of Nanjing's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Bank of Nanjing's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.