Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.
Cango Dividend Announcement
• Cango announced a quarterly dividend of $0.98 per ordinary share which will be made payable on . Ex dividend date: 2022-11-25 • Cango's trailing twelve-month (TTM) dividend yield is -%
Cango current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Cango stock? Use our calculator to estimate your expected dividend yield:
Cango Financial Ratios
P/E ratio21.43
PEG ratio0.05
P/B ratio0.76
ROE3.60%
Payout ratio0.00%
Current ratio7.83
Quick ratio7.83
Cash Ratio1.37
Cango Dividend FAQ
How much is the next Cango dividend?
Cango's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Cango dividend. The next Cango dividend will be released in March.
When is Cango dividend paid?
Cango pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March. 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 Cango pay?
The specific amount of Cango 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 Cango's dividend history.
Does Cango stock pay dividends?
Yes, Cango 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 Cango's dividend history.
How much dividend does Cango pay?
Cango paid $0.0 in 2024, $0.0 in 2023, $3.96 in 2022, $1.0 in 2021, and $0.25 in 2020.
How often does Cango pay dividends?
Cango typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March.
What is Cango's dividend yield?
The current dividend yield for Cango is -%. 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 Cango's exact dividend yield.
When does Cango go ex dividend?
Cango's ex-dividend date for the latest dividend was on 2022-11-25. Cango 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 Cango dividend paid?
Cango pays dividends on a quarterly basis, typically around March, but the exact dates can vary each year.
Will Cango 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 Cango 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 Cango dividend per share?
Cango paid $0.0 per share in 2024 and $0.0 per share in 2023. The amount of dividend per share that Cango 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 Cango 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 Cango 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 Cango a dividend stock?
Yes, Cango is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Cango a good dividend stock?
Whether Cango is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Cango has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Cango 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 Cango pay dividends monthly?
Cango typically pays dividends on a quarterly basis.
Does Cango pay dividends quarterly?
Cango currently pays dividends on a quarterly basis.
Has Cango ever paid a dividend?
Yes, Cango has a history of paying dividends to its shareholders. Cango is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Cango dividend stocks?
To buy Cango 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 Cango 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 Cango pay dividends 2024?
Cango pays dividends on a quarterly basis. 2024 dividend payments are in . 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 Cango increase its dividend in 2024?
Decisions regarding Cango 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 Cango dividend overview you can look into the above table of dividend history.
How Cango dividend works?
The Cango 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 Cango's dividend process works:
1. Determination of Dividend: Cango'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, Cango 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, Cango 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 Cango 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 Cango dividends paid?
Cango dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Cango 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, Cango distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cango 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 Cango pay dividends?
Cango typically pays dividends on a quarterly 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 Cango pay dividends?
The general pattern is that Cango pays dividends around March. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Cango dividend safe?
The safety of Cango'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 Cango'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 Cango'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.