Hangzhou Steam Turbine Co., Ltd. designs, manufactures, sells, and services steam turbines, gas turbines, and auxiliary turbines in China. Its products are used in various industries, including power plants, petrochemicals, chemicals, fertilizers, metallurgy, building materials, and light industry. The company also exports its products to the United States, Australia, Russia, Finland, Turkey, Iran, India, Thailand, South-east Asia, Africa, the Middle East, etc. The company was founded in 1958 and is headquartered in Hangzhou, China. Hangzhou Steam Turbine Co., Ltd. operates as a subsidiary of Hangzhou Steam Turbine Power Group Co., Ltd.
Hangzhou Steam Turbine Dividend Announcement
• Hangzhou Steam Turbine announced a annually dividend of HK$0.55 per ordinary share which will be made payable on 2024-06-07. Ex dividend date: 2024-06-05
• Hangzhou Steam Turbine annual dividend for 2024 was HK$0.55
• Hangzhou Steam Turbine annual dividend for 2023 was HK$0.41
• Hangzhou Steam Turbine's trailing twelve-month (TTM) dividend yield is 5.19%
• Hangzhou Steam Turbine's payout ratio for the trailing twelve months (TTM) is 157.81%
• Hangzhou Steam Turbine's dividend growth over the last five years (2018-2023) was 46.05% year
Hangzhou Steam Turbine Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-05 | HK$0.55 | annually | 2024-06-07 |
2023-06-14 | HK$0.41 | annually | 2023-06-16 |
2022-05-24 | HK$0.48 | annually | 2022-05-26 |
2021-06-16 | HK$0.30 | annually | 2021-06-18 |
2020-07-08 | HK$0.22 | annually | 2020-07-10 |
2019-05-31 | HK$0.23 | annually | 2019-06-04 |
2018-05-28 | HK$0.06 | annually | 2018-05-30 |
2015-06-18 | HK$0.10 | annually | |
2014-07-10 | HK$0.25 | annually | |
2013-08-14 | HK$0.40 | annually | |
2012-06-26 | HK$0.21 | annually | |
2011-06-22 | HK$0.40 | annually |
Hangzhou Steam Turbine Dividend per year
Hangzhou Steam Turbine Dividend growth
Hangzhou Steam Turbine Dividend Yield
Hangzhou Steam Turbine current trailing twelve-month (TTM) dividend yield is 5.19%. Interested in purchasing Hangzhou Steam Turbine stock? Use our calculator to estimate your expected dividend yield:
Hangzhou Steam Turbine Financial Ratios
Hangzhou Steam Turbine Dividend FAQ
Other factors to consider when evaluating Hangzhou Steam Turbine 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: Hangzhou Steam Turbine'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, Hangzhou Steam Turbine 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, Hangzhou Steam Turbine 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 Hangzhou Steam Turbine 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: Hangzhou Steam Turbine 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, Hangzhou Steam Turbine distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hangzhou Steam Turbine 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 Hangzhou Steam Turbine'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 Hangzhou Steam Turbine'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.