CITIC Heavy Industries Co., Ltd. engages in the manufacture and sale of heavy machinery in China and internationally. The company offers grinding mills; crushers; vertical stirred mills; high pressure grinding rolls; mine hoists; vertical roller mills; rotary kilns; and liners. It also provides equipment installation, testing, maintenance, refurbishing, remote monitoring and diagnosis, upgrading and retrofitting, and performance guarantee services. The company was founded in 1956 and is based in Luoyang, China. CITIC Heavy Industries Co., Ltd. is a subsidiary of CITIC Group Corporation.
CITIC Heavy Industries Dividend Announcement
• CITIC Heavy Industries announced a annually dividend of ¥0.03 per ordinary share which will be made payable on 2024-04-24. Ex dividend date: 2024-04-24 • CITIC Heavy Industries annual dividend for 2024 was ¥0.03 • CITIC Heavy Industries annual dividend for 2023 was ¥0.01 • CITIC Heavy Industries's trailing twelve-month (TTM) dividend yield is 0.69% • CITIC Heavy Industries's payout ratio for the trailing twelve months (TTM) is 50.90% • CITIC Heavy Industries's dividend growth over the last five years (2018-2023) was 12.95% year
CITIC Heavy Industries current trailing twelve-month (TTM) dividend yield is 0.69%. Interested in purchasing CITIC Heavy Industries stock? Use our calculator to estimate your expected dividend yield:
CITIC Heavy Industries Financial Ratios
P/E ratio46.34
PEG ratio-13.01
P/B ratio2.07
ROE4.84%
Payout ratio50.90%
Current ratio1.41
Quick ratio0.87
Cash Ratio0.19
CITIC Heavy Industries Dividend FAQ
How much is the next CITIC Heavy Industries dividend?
CITIC Heavy Industries'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 Heavy Industries dividend. The next CITIC Heavy Industries dividend will be released in August.
When is CITIC Heavy Industries dividend paid?
CITIC Heavy Industries pays dividends on a annually basis. The specific dates may vary each year but are generally around August. 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 Heavy Industries pay?
The specific amount of CITIC Heavy Industries 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 Heavy Industries's dividend history.
Does CITIC Heavy Industries stock pay dividends?
Yes, CITIC Heavy Industries 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 Heavy Industries's dividend history.
How much dividend does CITIC Heavy Industries pay?
CITIC Heavy Industries paid ¥0.028 in 2024, ¥0.011 in 2023, ¥0.016 in 2022, ¥0.014 in 2021, and ¥0.007 in 2020.
How often does CITIC Heavy Industries pay dividends?
CITIC Heavy Industries typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around August.
What is CITIC Heavy Industries's dividend yield?
The current dividend yield for CITIC Heavy Industries is 0.69%. 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 Heavy Industries's exact dividend yield.
When does CITIC Heavy Industries go ex dividend?
CITIC Heavy Industries's ex-dividend date for the latest dividend was on 2024-04-24. CITIC Heavy Industries 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 Heavy Industries dividend paid?
CITIC Heavy Industries pays dividends on a annually basis, typically around August, but the exact dates can vary each year.
Will CITIC Heavy Industries 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 Heavy Industries 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 Heavy Industries dividend per share?
CITIC Heavy Industries paid ¥0.028 per share in 2024 and ¥0.011 per share in 2023. The amount of dividend per share that CITIC Heavy Industries 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 Heavy Industries 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 Heavy Industries 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 Heavy Industries a dividend stock?
Yes, CITIC Heavy Industries is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is CITIC Heavy Industries a good dividend stock?
Whether CITIC Heavy Industries 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 Heavy Industries has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating CITIC Heavy Industries 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 Heavy Industries pay dividends monthly?
CITIC Heavy Industries typically pays dividends on a annually basis.
Does CITIC Heavy Industries pay dividends quarterly?
CITIC Heavy Industries currently pays dividends on a annually basis.
Has CITIC Heavy Industries ever paid a dividend?
Yes, CITIC Heavy Industries has a history of paying dividends to its shareholders. CITIC Heavy Industries is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy CITIC Heavy Industries dividend stocks?
To buy CITIC Heavy Industries 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 Heavy Industries 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 Heavy Industries pay dividends 2024?
CITIC Heavy Industries pays dividends on a annually basis. 2024 dividend payments are in 2024-04-24. 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 Heavy Industries increase its dividend in 2024?
Decisions regarding CITIC Heavy Industries 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 Heavy Industries dividend overview you can look into the above table of dividend history.
How CITIC Heavy Industries dividend works?
The CITIC Heavy Industries 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 Heavy Industries's dividend process works:
1. Determination of Dividend: CITIC Heavy Industries'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 Heavy Industries 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 Heavy Industries 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 Heavy Industries 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 Heavy Industries dividends paid?
CITIC Heavy Industries dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: CITIC Heavy Industries 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 Heavy Industries 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 Heavy Industries 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 Heavy Industries pay dividends?
CITIC Heavy Industries typically pays dividends on a annually 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 Heavy Industries pay dividends?
The general pattern is that CITIC Heavy Industries pays dividends around August. 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 Heavy Industries dividend safe?
The safety of CITIC Heavy Industries'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 Heavy Industries'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 Heavy Industries'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.