Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions. Its products and services include corporate loans, trade financing, deposit taking activities, corporate wealth management services, custody activities, and various corporate intermediary services. The Personal Banking segment provides financial products and services to individual customers. This segment's products and services comprise personal loans and cards, deposits, and personal wealth management and intermediary services. The Treasury Operations segment is involved in the money market transactions, investment securities, and foreign exchange transactions businesses, as well as in the holding of derivative positions. It also offers e-banking services, investment banking, financial leasing, and insurance services. The company was founded in 1984 and is based in Beijing, the People's Republic of China.
Industrial & Commercial Bank of China Dividend Announcement
• Industrial & Commercial Bank of China announced a annually dividend of $0.84 per ordinary share which will be made payable on 2024-09-03. Ex dividend date: 2024-07-09
• Industrial & Commercial Bank of China annual dividend for 2024 was $0.84
• Industrial & Commercial Bank of China annual dividend for 2023 was $0.84
• Industrial & Commercial Bank of China's trailing twelve-month (TTM) dividend yield is 6.92%
• Industrial & Commercial Bank of China's payout ratio for the trailing twelve months (TTM) is 37.34%
• Industrial & Commercial Bank of China's dividend growth over the last five years (2018-2023) was 2.72% year
• Industrial & Commercial Bank of China's dividend growth over the last ten years (2013-2023) was 0.85% year
Industrial & Commercial Bank of China Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-09 | $0.84 | annually | 2024-09-03 |
2023-07-06 | $0.84 | annually | 2023-09-01 |
2022-07-01 | $0.88 | annually | 2022-08-11 |
2021-06-25 | $0.70 | annually | 2021-08-10 |
2020-06-19 | $0.74 | annually | 2020-08-05 |
2019-06-24 | $0.73 | annually | 2019-08-07 |
2018-07-03 | $0.74 | annually | 2018-08-21 |
2017-06-29 | $0.68 | annually | 2017-08-16 |
2016-06-27 | $0.71 | annually | 2016-09-01 |
2015-06-25 | $0.84 | annually | 2015-08-13 |
2014-06-10 | $0.85 | annually | 2014-08-01 |
2013-06-13 | $0.78 | annually | 2013-08-02 |
Industrial & Commercial Bank of China Dividend per year
Industrial & Commercial Bank of China Dividend growth
Industrial & Commercial Bank of China Dividend Yield
Industrial & Commercial Bank of China current trailing twelve-month (TTM) dividend yield is 6.92%. Interested in purchasing Industrial & Commercial Bank of China stock? Use our calculator to estimate your expected dividend yield:
Industrial & Commercial Bank of China Financial Ratios
Industrial & Commercial Bank of China Dividend FAQ
Other factors to consider when evaluating Industrial & Commercial Bank of China 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: Industrial & Commercial Bank of China'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, Industrial & Commercial Bank of China 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, Industrial & Commercial Bank of China 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 Industrial & Commercial Bank of China 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: Industrial & Commercial Bank of China 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, Industrial & Commercial Bank of China distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Industrial & Commercial Bank of China 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 Industrial & Commercial Bank of China'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 Industrial & Commercial Bank of China'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.