Hengtong Logistics Co., Ltd. engages in the logistics business in China. The company is involved in trading and transportation of liquefied natural gas, CNG, and LPG; construction and operation of LNG filling stations; distribution and retail of LPG; transportation of general cargo, road dangerous goods, general freight, and liquid caustic soda; and development and operation of online freight platform. It also offers driving school training, hoisting, and car rental services. The company was formerly known as Longkou Hengtong Transportation Co., Ltd. and changed its name to Hengtong Logistics Co., Ltd. in December 2011. Hengtong Logistics Co., Ltd. was founded in 2007 and is based in Yantai, China.
Hengtong Logistics Dividend Announcement
• Hengtong Logistics announced a annually dividend of ¥0.05 per ordinary share which will be made payable on 2024-06-03. Ex dividend date: 2024-06-03
• Hengtong Logistics annual dividend for 2024 was ¥0.05
• Hengtong Logistics annual dividend for 2023 was ¥0.09
• Hengtong Logistics's trailing twelve-month (TTM) dividend yield is 0.57%
• Hengtong Logistics's payout ratio for the trailing twelve months (TTM) is 49.38%
• Hengtong Logistics's dividend growth over the last five years (2018-2023) was -6.89% year
Hengtong Logistics Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-03 | ¥0.05 | annually | 2024-06-03 |
2023-06-16 | ¥0.09 | annually | 2023-06-16 |
2022-05-30 | ¥0.15 | annually | 2022-05-30 |
2021-06-18 | ¥0.15 | annually | 2021-06-18 |
2020-06-01 | ¥0.00 | annually | 2020-06-01 |
2019-06-13 | ¥0.05 | annually | 2019-06-13 |
2018-06-20 | ¥0.13 | annually | 2018-06-20 |
2017-07-10 | ¥0.10 | annually | 2017-07-10 |
2016-06-23 | ¥0.07 | annually |
Hengtong Logistics Dividend per year
Hengtong Logistics Dividend growth
Hengtong Logistics Dividend Yield
Hengtong Logistics current trailing twelve-month (TTM) dividend yield is 0.57%. Interested in purchasing Hengtong Logistics stock? Use our calculator to estimate your expected dividend yield:
Hengtong Logistics Financial Ratios
Hengtong Logistics Dividend FAQ
Other factors to consider when evaluating Hengtong Logistics 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: Hengtong Logistics'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, Hengtong Logistics 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, Hengtong Logistics 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 Hengtong Logistics 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: Hengtong Logistics 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, Hengtong Logistics distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hengtong Logistics 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 Hengtong Logistics'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 Hengtong Logistics'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.