Jiangsu Shagang Co., Ltd. manufactures steel products in China and internationally. It offers bearing steel, spring steel, ball steel, alloy and carbon tube billet steel, marine steel, frog steel, high-quality composite and carbon steel, low-alloy high-strength steel, and other composite steel products. The company also provides steel for measuring tools and drilling tools, hook tail frames, train axles, train wheels, construction machinery, coal mine machinery, cold working and fasteners, drill pipes and collars, gas cylinders, oil well pipes, and mooring chains. In addition, it offers continuous casting round tube billet, non-quenched and tempered free-cutting steel, gear steel, automotive steel, petroleum pipeline steel, and anchor chain steel products, as well as bearing flat, spring flat, car beam flat, fork flat, and other flat steel products; flat steel for moulds; and forging large round billet products. The company's products are used in automobile, equipment manufacturing, construction machinery, energy industry, locomotives, boilers, mining, shipbuilding, rail transportation, and other industries. Jiangsu Shagang Co., Ltd. was formerly known as Jiangsu Huaigang Group Co. Ltd. The company was founded in 1970 and is based in Shanghai, China.
Jiangsu Shagang Dividend Announcement
• Jiangsu Shagang announced a semi annually dividend of ¥0.03 per ordinary share which will be made payable on 2024-10-18. Ex dividend date: 2024-10-18
• Jiangsu Shagang annual dividend for 2024 was ¥0.08
• Jiangsu Shagang annual dividend for 2023 was ¥0.05
• Jiangsu Shagang's trailing twelve-month (TTM) dividend yield is 1.02%
• Jiangsu Shagang's payout ratio for the trailing twelve months (TTM) is 187.61%
• Jiangsu Shagang's dividend growth over the last five years (2018-2023) was 10.76% year
Jiangsu Shagang Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-18 | ¥0.03 | semi annually | 2024-10-18 |
2024-06-26 | ¥0.05 | semi annually | 2024-06-26 |
2023-06-16 | ¥0.05 | semi annually | 2023-06-16 |
2022-06-08 | ¥0.08 | semi annually | 2022-06-08 |
2021-05-18 | ¥0.10 | semi annually | 2021-05-18 |
2020-06-11 | ¥0.10 | semi annually | 2020-06-11 |
2019-04-25 | ¥0.03 | semi annually | 2019-04-25 |
2018-09-10 | ¥0.03 | semi annually | 2018-09-10 |
2007-06-06 | ¥0.06 | semi annually |
Jiangsu Shagang Dividend per year
Jiangsu Shagang Dividend growth
Jiangsu Shagang Dividend Yield
Jiangsu Shagang current trailing twelve-month (TTM) dividend yield is 1.02%. Interested in purchasing Jiangsu Shagang stock? Use our calculator to estimate your expected dividend yield:
Jiangsu Shagang Financial Ratios
Jiangsu Shagang Dividend FAQ
Other factors to consider when evaluating Jiangsu Shagang 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 Shagang'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 Shagang 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 Shagang 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 Shagang 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 Shagang 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 Shagang 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 Shagang 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 Shagang'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 Shagang'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.