Dongguan Rural Commercial Bank Co., Ltd. provides various commercial banking products and services in Dongguan. It operates through Corporate Banking, Personal Banking, Treasury, and Others segments. Its Corporate Banking segment offers various corporate banking products and services, including corporate loans and advances, corporate deposits, and trade finance; and engages in other corporate intermediary businesses. The company's Personal Banking segment provides banking products and services to individual customers comprising personal loans and advances, personal deposits, and bank cards; and engages in various other individual intermediary businesses. The Treasury segment includes money market transactions, repurchase transactions, debt instrument investments, wealth management products, and precious metals. As of December 31, 2021, the company operated 504 branches and sub-branches, as well as 1,072 automatic teller machines, 365 self-service enquiry terminals, 53 self-service card issuing terminals, and 319 intelligent service terminals. Dongguan Rural Commercial Bank Co., Ltd. was founded in 1952 and is headquartered in Dongguan, the People's Republic of China.
Dongguan Rural Commercial Bank Dividend Announcement
• Dongguan Rural Commercial Bank announced a annually dividend of HK$0.29 per ordinary share which will be made payable on 2024-07-08. Ex dividend date: 2024-06-04
• Dongguan Rural Commercial Bank annual dividend for 2024 was HK$0.29
• Dongguan Rural Commercial Bank annual dividend for 2023 was HK$0.32
• Dongguan Rural Commercial Bank's trailing twelve-month (TTM) dividend yield is 8.86%
Dongguan Rural Commercial Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-04 | HK$0.29 | annually | 2024-07-08 |
2023-05-30 | HK$0.32 | annually | 2023-06-30 |
2022-05-25 | HK$0.34 | annually | 2022-06-30 |
Dongguan Rural Commercial Bank Dividend per year
Dongguan Rural Commercial Bank Dividend growth
Dongguan Rural Commercial Bank Dividend Yield
Dongguan Rural Commercial Bank current trailing twelve-month (TTM) dividend yield is 8.86%. Interested in purchasing Dongguan Rural Commercial Bank stock? Use our calculator to estimate your expected dividend yield:
Dongguan Rural Commercial Bank Financial Ratios
Dongguan Rural Commercial Bank Dividend FAQ
Other factors to consider when evaluating Dongguan Rural Commercial Bank 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: Dongguan Rural Commercial Bank'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, Dongguan Rural Commercial Bank 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, Dongguan Rural Commercial Bank 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 Dongguan Rural Commercial Bank 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: Dongguan Rural Commercial Bank 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, Dongguan Rural Commercial Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Dongguan Rural Commercial Bank 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 Dongguan Rural Commercial Bank'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 Dongguan Rural Commercial Bank'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.