CGN New Energy Holdings Co., Ltd., together with its subsidiaries, generates and supplies electricity and steam in the People's Republic of China and Republic of Korea. The company operates wind, solar, gas-fired, coal-fired, oil-fired, hydro, cogen, and fuel cell projects, as well as a steam project. It also engages in the construction and operation of power stations and other associated facilities. In addition, the company provides management services to power plants; and invests in dam and other associated facilities. The company was formerly known as CGN Meiya Power Holdings Co., Ltd. and changed its name to CGN New Energy Holdings Co., Ltd. in November 2015. CGN New Energy Holdings Co., Ltd. was incorporated in 1995 and is headquartered in Wanchai, Hong Kong. CGN New Energy Holdings Co., Ltd. is a subsidiary of CGN Energy International Holdings Co., Limited.
CGN New Energy Dividend Announcement
• CGN New Energy announced a annually dividend of HK$0.12 per ordinary share which will be made payable on 2024-06-21. Ex dividend date: 2024-06-05
• CGN New Energy annual dividend for 2024 was HK$0.12
• CGN New Energy annual dividend for 2023 was HK$0.07
• CGN New Energy's trailing twelve-month (TTM) dividend yield is 5.18%
• CGN New Energy's payout ratio for the trailing twelve months (TTM) is 26.42%
CGN New Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-05 | HK$0.12 | annually | 2024-06-21 |
2023-06-06 | HK$0.07 | annually | 2023-06-21 |
2022-06-06 | HK$0.07 | annually | 2022-06-21 |
2021-06-04 | HK$0.12 | annually | 2021-06-21 |
2019-06-03 | HK$0.04 | annually | 2019-06-21 |
2018-06-04 | HK$0.03 | annually | 2018-06-20 |
2017-05-26 | HK$0.04 | annually | 2017-06-12 |
2016-06-07 | HK$0.03 | annually | 2016-06-29 |
CGN New Energy Dividend per year
CGN New Energy Dividend growth
CGN New Energy Dividend Yield
CGN New Energy current trailing twelve-month (TTM) dividend yield is 5.18%. Interested in purchasing CGN New Energy stock? Use our calculator to estimate your expected dividend yield:
CGN New Energy Financial Ratios
CGN New Energy Dividend FAQ
Other factors to consider when evaluating CGN New Energy 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: CGN New Energy'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, CGN New Energy 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, CGN New Energy 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 CGN New Energy 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: CGN New Energy 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, CGN New Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CGN New Energy 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 CGN New Energy'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 CGN New Energy'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.