Jiangsu Changbao Steeltube Co.,Ltd produces and sells steel tubes in the People's Republic of China. The company offers OCTG products for petroleum industry, including connection tubings and casings, coupling stocks, perforating gun carrier pipes, petroleum tool pipes, drill pipes, and slotted pipes; boiler tubes for power generation; steel tubes for auto industry comprising automobile precision tubes, piping for hydraulic cylinders, and axel tubes; petrochemical tubes, steel tubes for low temperature resistance, and high pressure fertilizer tubes; and steel tubes for engineering machinery industry, such as mechanical steel pipes, boom pipes, and piping for hydraulic cylinders. It also provides line pipes, geological drilling pipes, core barrels, rope corning drill pipe materials, gas cylinder pipes, and accumulator tubes, as well as steel pipes for marine engineering, structural purpose, and fluid transmission. It exports its products to Europe, the Americas, the Middle East, CIS, Southeast Asia, Australia, Africa, and internationally. The company was founded in 1958 and is based in Changzhou, China.
Jiangsu Changbao Steeltube Dividend Announcement
• Jiangsu Changbao Steeltube announced a annually dividend of ¥0.28 per ordinary share which will be made payable on 2024-05-24. Ex dividend date: 2024-05-24
• Jiangsu Changbao Steeltube annual dividend for 2024 was ¥0.28
• Jiangsu Changbao Steeltube annual dividend for 2023 was ¥0.18
• Jiangsu Changbao Steeltube's trailing twelve-month (TTM) dividend yield is 5.16%
• Jiangsu Changbao Steeltube's payout ratio for the trailing twelve months (TTM) is 72.15%
• Jiangsu Changbao Steeltube's dividend growth over the last five years (2018-2023) was 12.47% year
Jiangsu Changbao Steeltube Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-24 | ¥0.28 | annually | 2024-05-24 |
2023-05-17 | ¥0.18 | annually | 2023-05-17 |
2022-06-01 | ¥0.08 | annually | 2022-06-01 |
2021-05-28 | ¥0.10 | annually | 2021-05-28 |
2020-07-15 | ¥0.13 | annually | 2020-07-15 |
2019-07-17 | ¥0.12 | annually | 2019-07-17 |
2018-07-04 | ¥0.10 | annually | 2018-07-04 |
2017-04-26 | ¥1.00 | annually | 2017-04-26 |
2016-05-06 | ¥0.20 | annually | |
2015-05-04 | ¥0.20 | annually | |
2014-06-27 | ¥0.20 | annually | |
2013-06-21 | ¥0.18 | annually |
Jiangsu Changbao Steeltube Dividend per year
Jiangsu Changbao Steeltube Dividend growth
Jiangsu Changbao Steeltube Dividend Yield
Jiangsu Changbao Steeltube current trailing twelve-month (TTM) dividend yield is 5.16%. Interested in purchasing Jiangsu Changbao Steeltube stock? Use our calculator to estimate your expected dividend yield:
Jiangsu Changbao Steeltube Financial Ratios
Jiangsu Changbao Steeltube Dividend FAQ
Other factors to consider when evaluating Jiangsu Changbao Steeltube 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: Jiangsu Changbao Steeltube'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, Jiangsu Changbao Steeltube 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, Jiangsu Changbao Steeltube 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 Jiangsu Changbao Steeltube 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: Jiangsu Changbao Steeltube 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, Jiangsu Changbao Steeltube distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Jiangsu Changbao Steeltube 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 Jiangsu Changbao Steeltube'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 Jiangsu Changbao Steeltube'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.