Bank of Shanghai Co., Ltd. provides various personal and corporate banking products and services primarily in Mainland China. It operates through Wholesale Financial Business, Retail Financial Business, and Other Business segments. The company accepts current, time-demand, fixed, education, individual call, interest-on-interest, and foreign exchange deposits. Its loan products include license plate loans, loans for individual studies, and individual housing loans; and fixed asset loans, liquidity revolving loans, mortgage loans, syndicated loans, corporation overdrafts, and working capital loans. The company also offers debit and credit cards; open-ended funds; certificate and savings bonds; and unit-linked, annuities, health, and life insurance products. In addition, it provides settlement services, such as cheque, cashier's order, bank and trade acceptance, remittance, collection with acceptance, consignment collection, and periodical credit and charge services; and intermediary services comprising tender, performance, advance payment, quality and maintenance guarantee, and payment guarantee, as well as entrusted loan of unit and credit certification services. Further, the company offers supply chain services consisting of advance payment financing, chattel mortgage credit extension, accounts receivable financing, credit insurance financing, auto dealer financing, order financing, and domestic letter of credit services; and online, mobile, and telephone banking services. Additionally, it offers investment banking, asset custody, equity investment, wealth management, securities agency, and pension finance services. The company was formerly known as Shanghai City United Bank Ltd. and changed its name to Bank of Shanghai Co., Ltd. in July 1998. Bank of Shanghai Co., Ltd. was incorporated in 1995 and is headquartered in Shanghai, China.
Bank of Shanghai Dividend Announcement
• Bank of Shanghai announced a annually dividend of ¥0.46 per ordinary share which will be made payable on 2024-06-27. Ex dividend date: 2024-06-27
• Bank of Shanghai annual dividend for 2024 was ¥0.46
• Bank of Shanghai annual dividend for 2023 was ¥0.40
• Bank of Shanghai's trailing twelve-month (TTM) dividend yield is 5.63%
• Bank of Shanghai's payout ratio for the trailing twelve months (TTM) is 49.84%
• Bank of Shanghai's dividend growth over the last five years (2018-2023) was -4.36% year
Bank of Shanghai Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-27 | ¥0.46 | annually | 2024-06-27 |
2023-06-28 | ¥0.40 | annually | 2023-06-28 |
2022-07-08 | ¥0.40 | annually | 2022-07-08 |
2021-07-06 | ¥0.40 | annually | 2021-07-06 |
2020-07-08 | ¥0.40 | annually | 2020-07-08 |
2019-07-03 | ¥0.35 | annually | 2019-07-03 |
2018-07-17 | ¥0.50 | annually | 2018-07-17 |
2017-07-20 | ¥0.50 | annually | 2017-07-20 |
Bank of Shanghai Dividend per year
Bank of Shanghai Dividend growth
Bank of Shanghai Dividend Yield
Bank of Shanghai current trailing twelve-month (TTM) dividend yield is 5.63%. Interested in purchasing Bank of Shanghai stock? Use our calculator to estimate your expected dividend yield:
Bank of Shanghai Financial Ratios
Bank of Shanghai Dividend FAQ
Other factors to consider when evaluating Bank of Shanghai 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.
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1. Determination of Dividend: Bank of Shanghai'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 Shanghai 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 Shanghai 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 Shanghai 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 Shanghai 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 Shanghai 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 Shanghai 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 Shanghai'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 Shanghai'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.