China Petroleum Engineering Corporation provides petrochemical engineering services. The company is involved in the oil and gas field surface engineering, natural gas liquefaction engineering, offshore oil and gas engineering, onshore and offshore pipeline engineering, chemical petroleum storage engineering, refining and chemical engineering, LNG receiving storage gasification engineering, and other businesses. It also provides environmental engineering and textile chemical fiber engineering construction; and other services, such as engineering consulting, project management, equipment supervision, design and construction supervision, safety and environmental supervision, etc. The company was formerly known as Xinjiang Dushanzi Tianli High and New Tech Co., Ltd. and changed its name to China Petroleum Engineering Corporation in February 2017. China Petroleum Engineering Corporation is headquartered in Karamay, the People's Republic of China. China Petroleum Engineering Corporation is a subsidiary of China National Petroleum Corporation.
China Petroleum Engineering Dividend Announcement
• China Petroleum Engineering announced a annually dividend of ¥0.04 per ordinary share which will be made payable on 2024-07-10. Ex dividend date: 2024-07-10
• China Petroleum Engineering annual dividend for 2024 was ¥0.04
• China Petroleum Engineering annual dividend for 2023 was ¥0.04
• China Petroleum Engineering's trailing twelve-month (TTM) dividend yield is 1.1%
• China Petroleum Engineering's payout ratio for the trailing twelve months (TTM) is 97.41%
• China Petroleum Engineering's dividend growth over the last five years (2018-2023) was 1.06% year
China Petroleum Engineering Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-10 | ¥0.04 | annually | 2024-07-10 |
2023-07-12 | ¥0.04 | annually | 2023-07-12 |
2022-07-22 | ¥0.03 | annually | 2022-07-22 |
2021-07-23 | ¥0.05 | annually | 2021-07-23 |
2020-07-30 | ¥0.04 | annually | 2020-07-30 |
2019-07-25 | ¥0.05 | annually | 2019-07-25 |
2018-07-31 | ¥0.04 | annually | 2018-07-31 |
2012-05-23 | ¥0.04 | annually | |
2011-05-30 | ¥0.14 | annually | |
2009-06-17 | ¥0.05 | annually | |
2008-04-08 | ¥0.07 | annually | |
2005-06-01 | ¥0.10 | annually |
China Petroleum Engineering Dividend per year
China Petroleum Engineering Dividend growth
China Petroleum Engineering Dividend Yield
China Petroleum Engineering current trailing twelve-month (TTM) dividend yield is 1.1%. Interested in purchasing China Petroleum Engineering stock? Use our calculator to estimate your expected dividend yield:
China Petroleum Engineering Financial Ratios
China Petroleum Engineering Dividend FAQ
Other factors to consider when evaluating China Petroleum Engineering 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 Petroleum Engineering'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 Petroleum Engineering 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 Petroleum Engineering 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 Petroleum Engineering 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 Petroleum Engineering 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 Petroleum Engineering 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 Petroleum Engineering 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 Petroleum Engineering'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 Petroleum Engineering'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.