CRCC High-Tech Equipment Corporation Limited engages in the research, development, manufacture, and sale of large railway track maintenance machinery in Mainland China and internationally. Its railway track maintenance machines include tamping machines; ballast cleaning machines; stabilization machines; ballast regulators; materials logistics machines; and rail processing machines; as well as other machines, such as catenary inspection and maintenance machines, catenary installation machines, and other large railway track maintenance machines. The company manufactures, purchases, and sells various parts and components comprising bogies, electrical control systems, working devices, wheelsets, transmissions, pumps, valves, motors, and drive shafts. It also provides overhaul services, including repairs, upgradation, and remanufacturing services; and railway lines maintenance services for newly built and existing railway lines. The company was formerly known as Kunming China Railway Large Maintenance Machinery Group Co., Ltd. and changed its name to CRCC High-Tech Equipment Corporation Limited in June 2015. The company was founded in 1954 and is headquartered in Kunming, China. CRCC High-Tech Equipment Corporation Limited is a subsidiary of China Railway Construction Corporation Limited.
CRCC High-Tech Equipment Dividend Announcement
• CRCC High-Tech Equipment announced a annually dividend of HK$0.03 per ordinary share which will be made payable on 2024-08-22. Ex dividend date: 2024-07-04
• CRCC High-Tech Equipment annual dividend for 2024 was HK$0.03
• CRCC High-Tech Equipment annual dividend for 2023 was HK$0.03
• CRCC High-Tech Equipment's trailing twelve-month (TTM) dividend yield is 4.11%
• CRCC High-Tech Equipment's payout ratio for the trailing twelve months (TTM) is 23.40%
CRCC High-Tech Equipment Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-04 | HK$0.03 | annually | 2024-08-22 |
2023-07-04 | HK$0.03 | annually | 2023-08-22 |
2022-07-05 | HK$0.01 | annually | 2022-08-22 |
2020-06-29 | HK$0.04 | annually | 2020-08-21 |
2019-07-03 | HK$0.06 | annually | 2019-08-21 |
2018-07-04 | HK$0.01 | annually | 2018-08-21 |
2017-06-26 | HK$0.18 | annually | 2017-08-21 |
2016-06-23 | HK$0.05 | annually | 2016-08-19 |
CRCC High-Tech Equipment Dividend per year
CRCC High-Tech Equipment Dividend growth
CRCC High-Tech Equipment Dividend Yield
CRCC High-Tech Equipment current trailing twelve-month (TTM) dividend yield is 4.11%. Interested in purchasing CRCC High-Tech Equipment stock? Use our calculator to estimate your expected dividend yield:
CRCC High-Tech Equipment Financial Ratios
CRCC High-Tech Equipment Dividend FAQ
Other factors to consider when evaluating CRCC High-Tech Equipment 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: CRCC High-Tech Equipment'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, CRCC High-Tech Equipment 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, CRCC High-Tech Equipment 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 CRCC High-Tech Equipment 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: CRCC High-Tech Equipment 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, CRCC High-Tech Equipment distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CRCC High-Tech Equipment 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 CRCC High-Tech Equipment'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 CRCC High-Tech Equipment'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.