China Petrochemical Development Corporation, together with its subsidiaries, produces and sells petrochemical intermediates and related engineering plastics, synthetic resins, chemical fiber, and other derivative products in Taiwan and internationally. It offers petroleum, alkali-chlorine, phosphoric acid, and derivative products; and storage, transportation, procurement, and sale of forging items, and related chemicals and chemicals materials. The company also provides caprolactam for use as a raw material for making nylon-6 fibers and resins; acrylonitrile, a raw material for acrylic fibers and ABS plastic; nylon chips, including fiber nylon and engineering plastic grade nylon chips, and film; ammonium sulfate, which is used as a ground or top fertilizer in agriculture; hydrogen cyanide, a transparent liquid for use as a raw material for manufacturing MMA; acrylonitrile; and refined sulfuric acid for various applications in the battery, electronic, telecommunication, and national defense related industries, as well as O-Phenylphenol, a raw material for downstream applications. In addition, it is involved in the investment and development of real estate properties; petrochemical supporting facility construction; engineering and construction contracting business; biotechnology and pharmaceutical research, development, and marketing business; fertilizer storage, transport, purchase, and marketing business; trading of petrochemicals, electronic chemicals, industrial gases, and gas mixtures; and water treatment, plumbing, apparatus, and instrument installation work, refrigeration and air conditioning engineering, and tank car repair services, as well as provision of dicalcium phosphate and mechanical engineering services. Further, the company commissions to build housing and commercial buildings, as well as plant rental business; and manages land developments and playgrounds, and other investment businesses. The company was incorporated in 1969 and is headquartered in Kaohsiung, Taiwan.
China Petrochemical Development Dividend Announcement
• China Petrochemical Development announced a annually dividend of NT$0.40 per ordinary share which will be made payable on 2022-07-29. Ex dividend date: 2022-06-27
• China Petrochemical Development's trailing twelve-month (TTM) dividend yield is -%
China Petrochemical Development Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2022-06-27 | NT$0.40 | annually | 2022-07-29 |
2020-08-11 | NT$0.30 | annually | 2020-08-31 |
2019-06-27 | NT$0.50 | annually | 2019-07-31 |
2013-08-08 | NT$0.50 | annually | |
2012-08-01 | NT$1.75 | annually | |
2011-08-10 | NT$0.91 | annually |
China Petrochemical Development Dividend per year
China Petrochemical Development Dividend growth
China Petrochemical Development Dividend Yield
China Petrochemical Development current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing China Petrochemical Development stock? Use our calculator to estimate your expected dividend yield:
China Petrochemical Development Financial Ratios
China Petrochemical Development Dividend FAQ
Other factors to consider when evaluating China Petrochemical Development 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: China Petrochemical Development'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, China Petrochemical Development 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, China Petrochemical Development 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 China Petrochemical Development 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: China Petrochemical Development 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, China Petrochemical Development distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: China Petrochemical Development 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 China Petrochemical Development'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 China Petrochemical Development'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.