company-logo

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 0.79%
Canggang Railway's payout ratio for the trailing twelve months (TTM) is 50.51%

Canggang Railway Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-20HK$0.01annually2024-07-09
2023-06-20HK$0.03annually2023-07-06
2022-06-24HK$0.04annually2022-08-18
2021-09-30HK$0.05annually2021-10-18

Canggang Railway Dividend per year

Canggang Railway Dividend growth

Canggang Railway Dividend Yield

Canggang Railway current trailing twelve-month (TTM) dividend yield is 0.79%. Interested in purchasing Canggang Railway stock? Use our calculator to estimate your expected dividend yield:

Canggang Railway Financial Ratios

P/E ratio59.73
PEG ratio-21.76
P/B ratio4.19
ROE7.14%
Payout ratio50.51%
Current ratio3.10
Quick ratio2.49
Cash Ratio1.61

Canggang Railway Dividend FAQ

How much is the next Canggang Railway dividend?
Canggang Railway's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Canggang Railway dividend. The next Canggang Railway dividend will be released in June.
When is Canggang Railway dividend paid?
Canggang Railway pays dividends on a annually basis. The specific dates may vary each year but are generally around June. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Canggang Railway pay?
The specific amount of Canggang Railway dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Canggang Railway's dividend history.
Does Canggang Railway stock pay dividends?
Yes, Canggang Railway does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Canggang Railway's dividend history.
How much dividend does Canggang Railway pay?
Canggang Railway paid HK$0.007 in 2024, HK$0.03 in 2023, HK$0.038 in 2022, HK$0.048 in 2021, and HK$0.0 in 2020.
How often does Canggang Railway pay dividends?
Canggang Railway typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around June.
What is Canggang Railway's dividend yield?
The current dividend yield for Canggang Railway is 0.79%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Canggang Railway's exact dividend yield.
When does Canggang Railway go ex dividend?
Canggang Railway's ex-dividend date for the latest dividend was on 2024-06-20. Canggang Railway typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Canggang Railway dividend paid?
Canggang Railway pays dividends on a annually basis, typically around June, but the exact dates can vary each year.
Will Canggang Railway increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Canggang Railway will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Canggang Railway dividend per share?
Canggang Railway paid HK$0.007 per share in 2024 and HK$0.03 per share in 2023. The amount of dividend per share that Canggang Railway pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Canggang Railway a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Canggang Railway a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Canggang Railway a dividend stock?
Yes, Canggang Railway is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Canggang Railway a good dividend stock?
Whether Canggang Railway is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Canggang Railway has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Canggang Railway pay dividends monthly?
Canggang Railway typically pays dividends on a annually basis.
Does Canggang Railway pay dividends quarterly?
Canggang Railway currently pays dividends on a annually basis.
Has Canggang Railway ever paid a dividend?
Yes, Canggang Railway has a history of paying dividends to its shareholders. Canggang Railway is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Canggang Railway dividend stocks?
To buy Canggang Railway you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Canggang Railway 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.
When does Canggang Railway pay dividends 2024?
Canggang Railway pays dividends on a annually basis. 2024 dividend payments are in 2024-07-09. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Canggang Railway increase its dividend in 2024?
Decisions regarding Canggang Railway dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Canggang Railway dividend overview you can look into the above table of dividend history.
How Canggang Railway dividend works?
The Canggang Railway dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Canggang Railway's dividend process works:

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.
How are Canggang Railway dividends paid?
Canggang Railway dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Canggang Railway pay dividends?
Canggang Railway typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Canggang Railway pay dividends?
The general pattern is that Canggang Railway pays dividends around June. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Canggang Railway dividend safe?
The safety of Canggang Railway's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.