Jiangsu Zhongchao Holding Co., Ltd. manufactures and sells wires and cables in China. The company's products include power cables, wires and cables for electrical equipment, bare wires, flame-retardant ultra-high voltage cross-linked cables, aluminum alloy overhead lines, and computer cables. Its products are primarily used in the construction and reconstruction of urban and rural power grids. The company also exports its products to India, Vietnam, Australia, Oman, Sudan, Tanzania, Nigeria, Kenya, Sri Lanka, Mauritius, South Africa, Brazil, Cyprus, and other countries. The company was formerly was formerly known as Jiangsu Zhongchao Cable Corporation and changed its name to Jiangsu Zhongchao Holding Co., Ltd. in September 2015. Jiangsu Zhongchao Holding Co., Ltd. is based in Yixing, China.
Jiangsu Zhongchao Dividend Announcement
• Jiangsu Zhongchao announced a annually dividend of ¥0.03 per ordinary share which will be made payable on 2024-08-23. Ex dividend date: 2024-08-23
• Jiangsu Zhongchao annual dividend for 2024 was ¥0.03
• Jiangsu Zhongchao's trailing twelve-month (TTM) dividend yield is 1.16%
• Jiangsu Zhongchao's payout ratio for the trailing twelve months (TTM) is -1797.80%
Jiangsu Zhongchao Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-23 | ¥0.03 | annually | 2024-08-23 |
2019-07-17 | ¥0.01 | annually | 2019-07-17 |
2018-06-20 | ¥0.01 | annually | 2018-06-20 |
2017-06-21 | ¥0.01 | annually | 2017-06-21 |
2016-06-20 | ¥0.01 | annually | |
2015-10-20 | ¥0.05 | annually | |
2015-06-30 | ¥0.07 | annually | |
2014-06-18 | ¥0.25 | annually | |
2013-06-18 | ¥0.50 | annually | |
2012-06-05 | ¥0.75 | annually | |
2011-05-06 | ¥1.50 | annually |
Jiangsu Zhongchao Dividend per year
Jiangsu Zhongchao Dividend growth
Jiangsu Zhongchao Dividend Yield
Jiangsu Zhongchao current trailing twelve-month (TTM) dividend yield is 1.16%. Interested in purchasing Jiangsu Zhongchao stock? Use our calculator to estimate your expected dividend yield:
Jiangsu Zhongchao Financial Ratios
Jiangsu Zhongchao Dividend FAQ
Other factors to consider when evaluating Jiangsu Zhongchao 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 Zhongchao'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 Zhongchao 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 Zhongchao 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 Zhongchao 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 Zhongchao 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 Zhongchao 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 Zhongchao 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 Zhongchao'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 Zhongchao'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.