China Resources Gas Group Limited, an investment holding company, engages in the sale of liquefied gas and connection of gas pipelines. The company operates through Sale and Distribution of Gas Fuel and Related Products, Gas Connection, Sale of Gas Appliances, Design and Construction Services, and Gas Stations segments. The Sale and Distribution of Gas Fuel and Related Products segment sells natural gas and liquefied petroleum gas for residential, commercial, and industrial use. The Gas Connection segment engages in the construction of gas pipeline networks under gas connection contracts. The Sale of Gas Appliances segment sells gas appliances and related products. The Design and Construction Services segment provides design, construction, consultancy, and management services for gas connection projects. The Gas Stations segment sells gas fuel in natural gas filling stations. As of December 31, 2021, it operated 266 city gas projects in 22 provinces in the People's Republic of China. The company is headquartered in Wan Chai, Hong Kong. China Resources Gas Group Limited is a subsidiary of China Resources (Holdings) Company Limited.
China Resources Gas Dividend Announcement
• China Resources Gas announced a semi annually dividend of $0.25 per ordinary share which will be made payable on 2024-11-04. Ex dividend date: 2024-09-12
• China Resources Gas annual dividend for 2024 was $1.26
• China Resources Gas annual dividend for 2023 was $1.05
• China Resources Gas's trailing twelve-month (TTM) dividend yield is 4.0%
• China Resources Gas's payout ratio for the trailing twelve months (TTM) is 25.02%
• China Resources Gas's dividend growth over the last five years (2018-2023) was 13.81% year
China Resources Gas Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-12 | $0.25 | semi annually | 2024-11-04 |
2024-05-28 | $1.01 | semi annually | 2024-07-17 |
2023-09-07 | $0.15 | semi annually | 2023-10-27 |
2023-05-30 | $0.90 | semi annually | 2023-07-18 |
2022-09-08 | $0.15 | semi annually | 2022-10-25 |
2022-05-25 | $1.12 | semi annually | 2022-07-12 |
2021-09-08 | $0.15 | semi annually | 2021-10-25 |
2021-05-25 | $0.78 | semi annually | 2021-06-15 |
2020-09-21 | $0.15 | semi annually | 2020-10-27 |
2020-05-26 | $0.09 | semi annually | 2020-06-15 |
2019-09-20 | $0.15 | semi annually | 2019-10-25 |
2019-05-30 | $0.62 | semi annually | 2019-06-14 |
2018-09-11 | $0.15 | semi annually | 2018-10-29 |
2018-05-31 | $0.40 | semi annually | 2018-06-15 |
2017-09-11 | $0.02 | semi annually | 2017-10-27 |
2017-05-31 | $0.04 | semi annually | 2017-06-16 |
China Resources Gas Dividend per year
China Resources Gas Dividend growth
China Resources Gas Dividend Yield
China Resources Gas current trailing twelve-month (TTM) dividend yield is 4.0%. Interested in purchasing China Resources Gas stock? Use our calculator to estimate your expected dividend yield:
China Resources Gas Financial Ratios
China Resources Gas Dividend FAQ
Other factors to consider when evaluating China Resources Gas 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 Resources Gas'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 Resources Gas 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 Resources Gas 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 Resources Gas 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 Resources Gas 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 Resources Gas 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 Resources Gas 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 Resources Gas'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 Resources Gas'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.