Concord New Energy Group Limited, an investment holding company, engages in the generation of power in the People's Republic of China and internationally. The company operates through Power Generation, Intelligent Operation and Maintenance, and Others segments. It is involved in the investment, engineering, procurement, construction, operation, and maintenance of wind and solar power plants; and provision of design, technical, and consultancy services. The company also engages in the sale of solar and new energy equipment; design, research, and exploitation of power systems; leasing of equipment; and investment and operation of solar and wind power plants. In addition, it provides finance lease services and energy internet services. The company sells its electric power to external power grid companies. As of December 31, 2021, it had 70 grid-connected wind and photovoltaic power plants with a total installed capacity of approximately 3,708 megawatts, which include 54 wind power plants with an installed capacity of 3,313 megawatts, as well as 16 photovoltaic power plants with an installed capacity of 394 megawatts. The company was formerly known as China Windpower Group Limited and changed its name to Concord New Energy Group Limited in March 2015. The company was founded in 2006 and is based in Admiralty, Hong Kong.
Concord New Energy Dividend Announcement
• Concord New Energy announced a annually dividend of HK$0.04 per ordinary share which will be made payable on 2024-07-03. Ex dividend date: 2024-06-12
• Concord New Energy annual dividend for 2024 was HK$0.04
• Concord New Energy annual dividend for 2023 was HK$0.04
• Concord New Energy's trailing twelve-month (TTM) dividend yield is 7.07%
• Concord New Energy's dividend growth over the last five years (2018-2023) was 28.47% year
Concord New Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-12 | HK$0.04 | annually | 2024-07-03 |
2023-06-20 | HK$0.04 | annually | 2023-07-18 |
2022-07-06 | HK$0.03 | annually | 2022-07-29 |
2021-05-25 | HK$0.03 | annually | 2021-06-18 |
2020-06-03 | HK$0.03 | annually | 2020-07-02 |
2019-05-02 | HK$0.02 | annually | 2019-05-31 |
2018-05-31 | HK$0.01 | annually | 2018-06-27 |
2017-06-08 | HK$0.01 | annually | 2017-07-05 |
2016-08-18 | HK$0.01 | annually | |
2015-08-24 | HK$0.01 | annually | |
2012-06-05 | HK$0.01 | annually |
Concord New Energy Dividend per year
Concord New Energy Dividend growth
Concord New Energy Dividend Yield
Concord New Energy current trailing twelve-month (TTM) dividend yield is 7.07%. Interested in purchasing Concord New Energy stock? Use our calculator to estimate your expected dividend yield:
Concord New Energy Financial Ratios
Concord New Energy Dividend FAQ
Other factors to consider when evaluating Concord New Energy 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: Concord New Energy'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, Concord New Energy 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, Concord New Energy 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 Concord New Energy 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: Concord New Energy 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, Concord New Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Concord New Energy 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 Concord New Energy'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 Concord New Energy'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.