Changgao Electric Group Co., Ltd. engages in the research, development, manufacture, and sale of power equipment in the People's Republic of China and internationally. The company offers ring main units, metal-enclosed switchgears, disconnector switches, earthing switches, circuit breakers, and H-GIS and GIS equipment, as well as low/medium voltage switchgears and other products. It also offers engineering services comprising operation and maintenance, construction, equipment supply, design, financial support, and consulting in the areas of transmission and distribution, and renewable energy. The company was formerly known as Hunan Changgao Highvoltage Switchgear Group Co., Ltd. and changed its name to Changgao Electric Group Co., Ltd. in December 2017. Changgao Electric Group Co., Ltd. is based in Changsha, the People's Republic of China.
Changgao Electric Dividend Announcement
• Changgao Electric announced a annually dividend of ¥0.07 per ordinary share which will be made payable on 2024-05-16. Ex dividend date: 2024-05-16
• Changgao Electric annual dividend for 2024 was ¥0.07
• Changgao Electric annual dividend for 2023 was ¥0.02
• Changgao Electric's trailing twelve-month (TTM) dividend yield is 0.95%
• Changgao Electric's payout ratio for the trailing twelve months (TTM) is 31.14%
Changgao Electric Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-16 | ¥0.07 | annually | 2024-05-16 |
2023-05-31 | ¥0.02 | annually | 2023-05-31 |
2022-06-10 | ¥0.07 | annually | 2022-06-10 |
2021-05-25 | ¥0.07 | annually | 2021-05-25 |
2020-04-28 | ¥0.07 | annually | 2020-04-28 |
2018-05-24 | ¥0.03 | annually | 2018-05-24 |
2017-05-18 | ¥0.05 | annually | 2017-05-18 |
2016-03-31 | ¥0.06 | annually | |
2015-04-30 | ¥0.10 | annually | |
2014-04-25 | ¥0.10 | annually | |
2013-09-10 | ¥0.10 | annually | |
2013-05-28 | ¥0.13 | annually | |
2012-05-23 | ¥0.15 | annually |
Changgao Electric Dividend per year
Changgao Electric Dividend growth
Changgao Electric Dividend Yield
Changgao Electric current trailing twelve-month (TTM) dividend yield is 0.95%. Interested in purchasing Changgao Electric stock? Use our calculator to estimate your expected dividend yield:
Changgao Electric Financial Ratios
Changgao Electric Dividend FAQ
Other factors to consider when evaluating Changgao Electric 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: Changgao Electric'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, Changgao Electric 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, Changgao Electric 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 Changgao Electric 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: Changgao Electric 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, Changgao Electric distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Changgao Electric 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 Changgao Electric'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 Changgao Electric'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.