COFCO Engineering & Technology Co., Ltd., a scientific and technological company, operates as an agricultural food engineering technology service provider and grain machine products supplier. The company engages in the design consulting business, including engineering design and engineering consulting in the field of agricultural and food product processing engineering; and agricultural and food product processing engineering technology services, including project consulting, engineering design, technical equipment research and development, equipment manufacturing, equipment sets and supply, equipment installation, and related general contracting. It also engages in the research, development, and manufacture of agricultural and food processing engineering products, such as dryers, flour post-processing equipment, milling machines, square screens, powder cleaners, extractors, oil presses, extruders, cans, and other related products. The company's business also covers public building design, project supervision, research development and application, biomedical engineering, oil storage and transport, inspection and testing, and magazine publishing. Its services and solutions cover storage, cold chain, grain warehouse logistics, public building design, and special refrigeration, as well as wheat, rice, oil, and food processing. The company was founded in 2014 and is based in Wuxi, China. COFCO Engineering & Technology Co., Ltd. is a subsidiary of COFCO Corporation.
COFCO Engineering & Technology Dividend Announcement
• COFCO Engineering & Technology announced a annually dividend of ¥0.15 per ordinary share which will be made payable on 2024-06-13. Ex dividend date: 2024-06-13
• COFCO Engineering & Technology annual dividend for 2024 was ¥0.15
• COFCO Engineering & Technology annual dividend for 2023 was ¥0.20
• COFCO Engineering & Technology's trailing twelve-month (TTM) dividend yield is 1.29%
• COFCO Engineering & Technology's payout ratio for the trailing twelve months (TTM) is 36.90%
COFCO Engineering & Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-13 | ¥0.15 | annually | 2024-06-13 |
2023-06-15 | ¥0.20 | annually | 2023-06-15 |
2022-06-15 | ¥0.15 | annually | 2022-06-15 |
COFCO Engineering & Technology Dividend per year
COFCO Engineering & Technology Dividend growth
COFCO Engineering & Technology Dividend Yield
COFCO Engineering & Technology current trailing twelve-month (TTM) dividend yield is 1.29%. Interested in purchasing COFCO Engineering & Technology stock? Use our calculator to estimate your expected dividend yield:
COFCO Engineering & Technology Financial Ratios
COFCO Engineering & Technology Dividend FAQ
Other factors to consider when evaluating COFCO Engineering & Technology 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: COFCO Engineering & Technology'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, COFCO Engineering & Technology 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, COFCO Engineering & Technology 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 COFCO Engineering & Technology 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: COFCO Engineering & Technology 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, COFCO Engineering & Technology distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: COFCO Engineering & Technology 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 COFCO Engineering & Technology'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 COFCO Engineering & Technology'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.