China Shipbuilding Industry Group Power Co., Ltd. manufactures and supplies power equipment in China and internationally. The company's products include diesel engine, gas, steam, heat engine, electric, chemical, marine nuclear, and other power equipment, as well as related auxiliary equipment. Its products are used in automobiles, marine engineering, engineering, military, ocean fishing vessels, yachts, and land power stations, as well as nuclear power, oil fields, special vehicles, distributed energy, and other industries. The company was formerly known as Sail Co., Ltd. and changed its name to China Shipbuilding Industry Group Power Co., Ltd. in April 2016. China Shipbuilding Industry Group Power Co., Ltd. was incorporated in 2000 and is based in Beijing, the People's Republic of China.
China Shipbuilding Industry Power Dividend Announcement
• China Shipbuilding Industry Power announced a semi annually dividend of ¥0.03 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-11-22
• China Shipbuilding Industry Power annual dividend for 2024 was ¥0.14
• China Shipbuilding Industry Power annual dividend for 2023 was ¥0.05
• China Shipbuilding Industry Power's trailing twelve-month (TTM) dividend yield is 0.59%
• China Shipbuilding Industry Power's payout ratio for the trailing twelve months (TTM) is 54.06%
China Shipbuilding Industry Power Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-22 | ¥0.03 | semi annually | 2024-11-22 |
2024-08-08 | ¥0.11 | semi annually | 2024-08-08 |
2023-07-20 | ¥0.05 | semi annually | 2023-07-20 |
2022-08-25 | ¥0.09 | semi annually | 2022-08-25 |
2021-08-11 | ¥0.08 | semi annually | 2021-08-11 |
2018-07-26 | ¥0.21 | semi annually | 2018-07-26 |
2017-05-18 | ¥0.22 | semi annually | 2017-05-18 |
2015-06-17 | ¥0.08 | semi annually | |
2014-05-19 | ¥0.07 | semi annually | |
2013-05-30 | ¥0.06 | semi annually | |
2008-03-24 | ¥0.11 | semi annually | |
2007-04-25 | ¥0.13 | semi annually | |
2006-05-25 | ¥0.11 | semi annually |
China Shipbuilding Industry Power Dividend per year
China Shipbuilding Industry Power Dividend growth
China Shipbuilding Industry Power Dividend Yield
China Shipbuilding Industry Power current trailing twelve-month (TTM) dividend yield is 0.59%. Interested in purchasing China Shipbuilding Industry Power stock? Use our calculator to estimate your expected dividend yield:
China Shipbuilding Industry Power Financial Ratios
China Shipbuilding Industry Power Dividend FAQ
Other factors to consider when evaluating China Shipbuilding Industry Power 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 Shipbuilding Industry Power'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 Shipbuilding Industry Power 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 Shipbuilding Industry Power 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 Shipbuilding Industry Power 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 Shipbuilding Industry Power 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 Shipbuilding Industry Power 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 Shipbuilding Industry Power 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 Shipbuilding Industry Power'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 Shipbuilding Industry Power'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.