Guangzhou Rural Commercial Bank Co., Ltd. provides banking services. It operates through Corporate Banking, Retail Banking, Financial Market Business, and Others segments. The company offers demand and time deposits; personal consumption and mortgage loans; residential mortgage loans; credit cards overdraft; and personal finance products. It also provides corporate financing products, such as working capital, fixed assets, and trade and SME financing services, as well as finance leasing services. In addition, the company offers investment banking services; short, medium, and long-term loans; and domestic and international settlements, and bill acceptance and discounting services. Further, it provides money market placements, investments and repurchasing, and foreign exchange services; inter-bank placements; debit and credit cards; payment collection and insurance agency, safe locker, advisory and attestation, fund and insurance assets trusteeship, and cash management services; and agency services for issuing and underwriting government bonds. Additionally, the company trades in government and financial bonds; and provides discounted bill, wealth management, and private banking services, as well as Internet, telephone, SMS, mobile, and WeChat banking services. As of December 31, 2021, it had 635 outlets; 5 branches in Foshan, Qingyuan, Heyuan, Zhaoqing, and Zhuhai province, as well as 12 sub-branches and 1 sub-office; 1,597 ATM's; and 578 self-service inquiry terminals, 324 smart service terminals, and 250 smart banking outlets. The company was formerly known as Guangzhou Rural Credit Cooperative Unions and changed its name to Guangzhou Rural Commercial Bank Co., Ltd. The company was founded in 1952 and is headquartered in Guangzhou, the People's Republic of China.
Guangzhou Rural Commercial Bank Dividend Announcement
• Guangzhou Rural Commercial Bank announced a annually dividend of HK$0.04 per ordinary share which will be made payable on 2024-07-26. Ex dividend date: 2024-06-17
• Guangzhou Rural Commercial Bank annual dividend for 2024 was HK$0.04
• Guangzhou Rural Commercial Bank annual dividend for 2023 was HK$0.12
• Guangzhou Rural Commercial Bank's trailing twelve-month (TTM) dividend yield is 3.01%
• Guangzhou Rural Commercial Bank's payout ratio for the trailing twelve months (TTM) is 92.90%
• Guangzhou Rural Commercial Bank's dividend growth over the last five years (2018-2023) was -23.71% year
Guangzhou Rural Commercial Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-17 | HK$0.04 | annually | 2024-07-26 |
2023-06-23 | HK$0.12 | annually | 2023-07-20 |
2022-06-20 | HK$0.12 | annually | 2022-07-15 |
2021-06-10 | HK$0.24 | annually | 2021-07-08 |
2020-06-03 | HK$0.20 | annually | |
2020-05-28 | HK$0.22 | annually | 2020-06-22 |
2019-05-28 | HK$0.23 | annually | 2019-06-21 |
2018-06-13 | HK$0.20 | annually | |
2018-06-07 | HK$0.25 | annually | 2018-07-13 |
Guangzhou Rural Commercial Bank Dividend per year
Guangzhou Rural Commercial Bank Dividend growth
Guangzhou Rural Commercial Bank Dividend Yield
Guangzhou Rural Commercial Bank current trailing twelve-month (TTM) dividend yield is 3.01%. Interested in purchasing Guangzhou Rural Commercial Bank stock? Use our calculator to estimate your expected dividend yield:
Guangzhou Rural Commercial Bank Financial Ratios
Guangzhou Rural Commercial Bank Dividend FAQ
Other factors to consider when evaluating Guangzhou 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: Guangzhou 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, Guangzhou 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, Guangzhou 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 Guangzhou 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: Guangzhou 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, Guangzhou 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: Guangzhou 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 Guangzhou 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 Guangzhou 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.