Canggang Railway Limited operates freight railway and railway yards in Hebei Province. The company provides rail freight transportation services through the Canggang Railway Line, which transports a range of cargo, primarily coal, as well as petroleum, ore, and other cargo, including PVC, asphalt, gravel, bauxite, and chemicals between Cangzhou and Port Huanghua. It also offers ancillary services comprising loading and unloading, as well as road freight transportation services. In addition, the company provides construction, maintenance, and repair services, primarily include the operation, repair, and maintenance of special service lines and railway roadbed and other railway facility construction. Further, it offers additional ancillary services, principally covering car arrival, freight agency, antifreeze treatment, and scattering prevention of coal services; and coal filtering services, as well as logistics agency services. Canggang Railway Limited was founded in 2009 and is headquartered in Cangzhou, China.
Canggang Railway Dividend Announcement
• Canggang Railway announced a annually dividend of HK$0.01 per ordinary share which will be made payable on 2024-07-09. Ex dividend date: 2024-06-20
• Canggang Railway annual dividend for 2024 was HK$0.01
• Canggang Railway annual dividend for 2023 was HK$0.03
• Canggang Railway's trailing twelve-month (TTM) dividend yield is 0.59%
• Canggang Railway's payout ratio for the trailing twelve months (TTM) is 50.51%
Canggang Railway Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-20 | HK$0.01 | annually | 2024-07-09 |
2023-06-20 | HK$0.03 | annually | 2023-07-06 |
2022-06-24 | HK$0.04 | annually | 2022-08-18 |
2021-09-30 | HK$0.05 | annually | 2021-10-18 |
Canggang Railway Dividend per year
Canggang Railway Dividend growth
Canggang Railway Dividend Yield
Canggang Railway current trailing twelve-month (TTM) dividend yield is 0.59%. Interested in purchasing Canggang Railway stock? Use our calculator to estimate your expected dividend yield:
Canggang Railway Financial Ratios
Canggang Railway Dividend FAQ
Other factors to consider when evaluating Canggang Railway 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: Canggang Railway'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, Canggang Railway 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, Canggang Railway 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 Canggang Railway 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: Canggang Railway 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, Canggang Railway distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Canggang Railway 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 Canggang Railway'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 Canggang Railway'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.