Chongqing Gas Group Corporation Ltd. engages in the design, manufacture, installation, maintenance, sale, management, and technical consultation of gas in China. It is also involved in the storage, transportation, supply, distribution, and sale of gas through pipeline network. In addition, the company engages in the supply of heating, cooling, and combined heat and power; high-tech gas development; pipe anti-corrosion processing; and gas appliance sales and other business operations. It supplies natural gas to 5.12 million customers in 25 districts and counties in Chongqing. The company is based in Chongqing, China.
Chongqing Gas Dividend Announcement
• Chongqing Gas announced a semi annually dividend of ¥0.01 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-10-25
• Chongqing Gas annual dividend for 2024 was ¥0.11
• Chongqing Gas annual dividend for 2023 was ¥0.13
• Chongqing Gas's trailing twelve-month (TTM) dividend yield is 1.88%
• Chongqing Gas's payout ratio for the trailing twelve months (TTM) is 74.45%
• Chongqing Gas's dividend growth over the last five years (2018-2023) was -0.15% year
Chongqing Gas Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-25 | ¥0.01 | semi annually | 2024-10-25 |
2024-06-19 | ¥0.10 | semi annually | 2024-06-19 |
2023-06-28 | ¥0.13 | semi annually | 2023-06-28 |
2022-06-17 | ¥0.15 | semi annually | 2022-06-17 |
2021-06-24 | ¥0.09 | semi annually | 2021-06-24 |
2020-06-19 | ¥0.09 | semi annually | 2020-06-19 |
2019-06-13 | ¥0.08 | semi annually | 2019-06-13 |
2018-06-19 | ¥0.13 | semi annually | 2018-06-19 |
2017-06-16 | ¥0.13 | semi annually | 2017-06-16 |
2016-06-23 | ¥0.15 | semi annually | |
2015-06-05 | ¥0.13 | semi annually |
Chongqing Gas Dividend per year
Chongqing Gas Dividend growth
Chongqing Gas Dividend Yield
Chongqing Gas current trailing twelve-month (TTM) dividend yield is 1.88%. Interested in purchasing Chongqing Gas stock? Use our calculator to estimate your expected dividend yield:
Chongqing Gas Financial Ratios
Chongqing Gas Dividend FAQ
Other factors to consider when evaluating Chongqing 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: Chongqing 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, Chongqing 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, Chongqing 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 Chongqing 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: Chongqing 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, Chongqing 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: Chongqing 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 Chongqing 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 Chongqing 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.