CITIC Limited operates in the financial services, manufacturing, engineering contracting, advances materials, consumption, and urbanization businesses in China. The company offers banking products and services; investment banking, brokerage, securities trading and lending, and asset management services; financial, wealth management, and trust services; and life, health, and accident insurance, as well as reinsurance products. It also engages in the exploration, development, and production of oil; coal mining; import and export of commodities; aluminum smelting; bauxite mining; alumina refining; manganese mining and processing; development of iron ore mine; production of copper and ferroniobium; and operation of coal-fired power stations. In addition, the company manufactures special steel, bars, plates, steel tubes, forged steel, wires, and casting billets. Further, it provides engineering contracting services for infrastructure, housing, municipal, and industrial facilities, as well as agriculture, energy, and resources sectors; and engineering services in the areas of urban development and environmental protection. Additionally, the company engages in the urban renewal and development projects, including residential properties; provision of telecommunication services; and healthcare and electrical products. The company was formerly known as CITIC Pacific Limited and changed its name to CITIC Limited in August 2014. The company was founded in 1987 and is based in Central, Hong Kong.
CITIC Dividend Announcement
• CITIC announced a quarterly dividend of HK$0.21 per ordinary share which will be made payable on 2024-11-15. Ex dividend date: 2024-09-23
• CITIC annual dividend for 2024 was HK$0.91
• CITIC annual dividend for 2023 was HK$0.65
• CITIC's trailing twelve-month (TTM) dividend yield is 14.38%
• CITIC's payout ratio for the trailing twelve months (TTM) is 30.69%
• CITIC's dividend growth over the last five years (2018-2023) was 10.11% year
• CITIC's dividend growth over the last ten years (2013-2023) was 4.93% year
CITIC Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-23 | HK$0.21 | quarterly | 2024-11-15 |
| 2024-06-27 | HK$0.37 | quarterly | 2024-08-16 |
| 2024-06-20 | HK$0.34 | quarterly | 2024-08-16 |
| 2023-09-22 | HK$0.20 | quarterly | 2023-11-16 |
| 2023-06-26 | HK$0.45 | quarterly | 2023-08-22 |
| 2022-09-21 | HK$0.20 | quarterly | 2022-11-11 |
| 2022-06-16 | HK$0.46 | quarterly | 2022-08-08 |
| 2021-09-13 | HK$0.15 | quarterly | 2021-11-03 |
| 2021-06-28 | HK$0.25 | quarterly | |
| 2021-06-11 | HK$0.39 | quarterly | 2021-08-03 |
| 2020-09-14 | HK$0.10 | quarterly | 2020-11-03 |
| 2020-06-23 | HK$0.28 | quarterly | 2020-08-11 |
| 2019-09-13 | HK$0.18 | quarterly | 2019-10-04 |
| 2019-06-10 | HK$0.26 | quarterly | 2019-06-26 |
| 2018-09-12 | HK$0.15 | quarterly | 2018-10-04 |
| 2018-06-19 | HK$0.25 | quarterly | 2018-07-05 |
| 2017-09-14 | HK$0.11 | quarterly | 2017-09-29 |
| 2017-06-15 | HK$0.23 | quarterly | 2017-06-30 |
| 2016-09-14 | HK$0.10 | quarterly | |
| 2016-06-13 | HK$0.20 | quarterly | |
| 2015-09-15 | HK$0.10 | quarterly | |
| 2015-06-04 | HK$0.20 | quarterly | |
| 2014-09-23 | HK$0.01 | quarterly | |
| 2014-05-16 | HK$0.25 | quarterly | |
| 2013-09-06 | HK$0.10 | quarterly | |
| 2013-05-21 | HK$0.30 | quarterly |
CITIC Dividend per year
CITIC Dividend growth
CITIC Dividend Yield
CITIC current trailing twelve-month (TTM) dividend yield is 14.38%. Interested in purchasing CITIC stock? Use our calculator to estimate your expected dividend yield:
CITIC Financial Ratios
P/E ratio4.40
PEG ratio2.01
P/B ratio0.35
ROE7.94%
Payout ratio30.69%
Current ratio1.64
Quick ratio1.61
Cash Ratio0.00
CITIC Dividend FAQ
How much is the next CITIC dividend?
CITIC's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next CITIC dividend. The next CITIC dividend will be released in June, or September.
When is CITIC dividend paid?
CITIC pays dividends on a quarterly basis. The specific dates may vary each year but are generally around June, and September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does CITIC pay?
The specific amount of CITIC dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find CITIC's dividend history.
Does CITIC stock pay dividends?
Yes, CITIC does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find CITIC's dividend history.
How much dividend does CITIC pay?
CITIC paid HK$0.91 in 2024, HK$0.647 in 2023, HK$0.656 in 2022, HK$0.792 in 2021, and HK$0.385 in 2020.
How often does CITIC pay dividends?
CITIC typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around June, and September.
What is CITIC's dividend yield?
The current dividend yield for CITIC is 14.38%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate CITIC's exact dividend yield.
When does CITIC go ex dividend?
CITIC's ex-dividend date for the latest dividend was on 2024-09-23. CITIC typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next CITIC dividend paid?
CITIC pays dividends on a quarterly basis, typically around June, or September, but the exact dates can vary each year.
Will CITIC increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether CITIC will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is CITIC dividend per share?
CITIC paid HK$0.91 per share in 2024 and HK$0.647 per share in 2023. The amount of dividend per share that CITIC pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is CITIC a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is CITIC a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is CITIC a dividend stock?
Yes, CITIC is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is CITIC a good dividend stock?
Whether CITIC is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. CITIC has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating CITIC 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.
Other factors to consider when evaluating CITIC 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.
Does CITIC pay dividends monthly?
CITIC typically pays dividends on a quarterly basis.
Does CITIC pay dividends quarterly?
CITIC currently pays dividends on a quarterly basis.
Has CITIC ever paid a dividend?
Yes, CITIC has a history of paying dividends to its shareholders. CITIC is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy CITIC dividend stocks?
To buy CITIC you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy CITIC stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy CITIC stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does CITIC pay dividends 2024?
CITIC pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-15. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will CITIC increase its dividend in 2024?
Decisions regarding CITIC dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date CITIC dividend overview you can look into the above table of dividend history.
How CITIC dividend works?
The CITIC dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how CITIC's dividend process works:
1. Determination of Dividend: CITIC'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, CITIC 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, CITIC 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 CITIC 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. Determination of Dividend: CITIC'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, CITIC 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, CITIC 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 CITIC 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.
How are CITIC dividends paid?
CITIC dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: CITIC 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, CITIC distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CITIC 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.
1. Record Date: CITIC 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, CITIC distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CITIC 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.
How many times does CITIC pay dividends?
CITIC typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does CITIC pay dividends?
The general pattern is that CITIC pays dividends around June, and September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is CITIC dividend safe?
The safety of CITIC's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of CITIC'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 CITIC'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.
To assess the safety of CITIC'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 CITIC'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.