Huishang Bank Corporation Limited, together with its subsidiaries, provides various commercial banking products and services in the People's Republic of China. The company operates through four segments: Corporate Banking, Retail Banking, Treasury, and Others. It offers current accounts, deposits, overdrafts, loans, trade related products and other credit facilities, foreign currency, and wealth management products to corporate customers, government authorities, and financial institutions. The company also provides savings deposits, personal loans and advances, credit and debit cards, payments and settlements, wealth management products and funds, and insurance agency services to retail customers. In addition, it conducts securities investment, money market, and repurchase transactions; and offers online and mobile banking services. Further, the company provides Renminbi and foreign currency deposits; and clearing and settlement, assets custody, and finance leasing services. As of December 31, 2021, it had 21 branches; 478 front offices; 609 self-service banks; and 2,002 cash self-service equipment comprising 1,213 cash recycling machines and 789 smart self-service terminals. The company was formerly known as Hefei Commercial Bank Co., Ltd. and changed its name to Huishang Bank Corporation Limited in November 2005. Huishang Bank Corporation Limited was incorporated in 1997 and is headquartered in Hefei, China.
Huishang Bank Dividend Announcement
• Huishang Bank announced a annually dividend of HK$0.16 per ordinary share which will be made payable on 2024-08-22. Ex dividend date: 2024-07-03
• Huishang Bank annual dividend for 2024 was HK$0.16
• Huishang Bank annual dividend for 2023 was HK$0.14
• Huishang Bank's trailing twelve-month (TTM) dividend yield is 7.14%
• Huishang Bank's payout ratio for the trailing twelve months (TTM) is 41.19%
Huishang Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-03 | HK$0.16 | annually | 2024-08-22 |
2023-07-04 | HK$0.14 | annually | 2023-08-25 |
2022-07-05 | HK$0.10 | annually | 2022-08-25 |
2020-07-03 | HK$0.17 | annually | 2020-08-26 |
2019-07-03 | HK$0.06 | annually | 2019-08-26 |
2018-07-04 | HK$0.03 | annually | 2018-08-29 |
2018-06-22 | HK$0.03 | annually | |
2018-05-31 | HK$0.23 | annually | |
2017-06-27 | HK$0.07 | annually | 2017-08-18 |
2016-06-22 | HK$0.19 | annually | 2016-08-19 |
2015-06-03 | HK$0.22 | annually | 2015-07-09 |
2014-07-03 | HK$0.22 | annually | 2014-08-20 |
Huishang Bank Dividend per year
Huishang Bank Dividend growth
Huishang Bank Dividend Yield
Huishang Bank current trailing twelve-month (TTM) dividend yield is 7.14%. Interested in purchasing Huishang Bank stock? Use our calculator to estimate your expected dividend yield:
Huishang Bank Financial Ratios
Huishang Bank Dividend FAQ
Other factors to consider when evaluating Huishang 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: Huishang 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, Huishang 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, Huishang 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 Huishang 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: Huishang 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, Huishang 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: Huishang 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 Huishang 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 Huishang 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.