Chengdu Expressway Co., Ltd. engages in the development, operation, and management of expressways located in Chengdu, Sichuan province, China. It operates in two segments, Expressway and Energy. As of March 24, 2022, the company owned five expressways, which include the Chengguan Expressway, Chengpeng Expressway, Chengwenqiong Expressway, Qiongming Expressway, and Chengdu Airport Expressway, and held equity interest in Chengbei Exit Expressway with a total network mileage of 202.37 kilometers. It is also involved in the retail of refined oil, and operation of compressed natural gas stations and vehicle charging facilities. The company was formerly known as Chengdu Chengguan Expressway Co., Ltd. and changed its name to Chengdu Expressway Co., Ltd. in 2016. The company was incorporated in 1998 and is headquartered in Chengdu, China. Chengdu Expressway Co., Ltd. is a subsidiary of Chengdu Expressway Construction and Development Co., Ltd.
Chengdu Expressway Dividend Announcement
• Chengdu Expressway announced a annually dividend of HK$0.18 per ordinary share which will be made payable on 2024-07-26. Ex dividend date: 2024-05-30
• Chengdu Expressway annual dividend for 2024 was HK$0.18
• Chengdu Expressway annual dividend for 2023 was HK$0.20
• Chengdu Expressway's trailing twelve-month (TTM) dividend yield is 8.77%
• Chengdu Expressway's payout ratio for the trailing twelve months (TTM) is 81.51%
Chengdu Expressway Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-30 | HK$0.18 | annually | 2024-07-26 |
2023-05-16 | HK$0.20 | annually | 2023-07-11 |
2022-05-17 | HK$0.17 | annually | 2022-07-12 |
2021-06-16 | HK$0.15 | annually | 2021-08-09 |
2020-06-15 | HK$0.13 | annually | 2020-08-10 |
2019-07-02 | HK$0.15 | annually | 2019-08-16 |
Chengdu Expressway Dividend per year
Chengdu Expressway Dividend growth
Chengdu Expressway Dividend Yield
Chengdu Expressway current trailing twelve-month (TTM) dividend yield is 8.77%. Interested in purchasing Chengdu Expressway stock? Use our calculator to estimate your expected dividend yield:
Chengdu Expressway Financial Ratios
Chengdu Expressway Dividend FAQ
Other factors to consider when evaluating Chengdu Expressway 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: Chengdu Expressway'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, Chengdu Expressway 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, Chengdu Expressway 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 Chengdu Expressway 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: Chengdu Expressway 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, Chengdu Expressway distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Chengdu Expressway 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 Chengdu Expressway'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 Chengdu Expressway'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.