Jiangxi Bank Co., Ltd. provides corporate and retail banking services in the People's Republic of China. The company operates through Corporate Banking, Retail Banking and Credit card, and Financial Markets Business segments. The Corporate Banking segment offers deposits, corporate loans and advances, trade financing, agency services, consulting and advisory services, remittance, and settlement services, and guarantee services to corporations, government agencies, and financial institutions. The Retail banking and Credit Card segment provides deposits, personal loans, bank cards, personal wealth management services, and remittance services to retail customers. The Financial Markets Business segment engages in the inter-bank money market transactions; repurchases transactions and investments; debt securities trading; and issuance of debts. It also offers financial leasing, foreign exchange, bill acceptance, discounting, and safe-box services; issues financial bonds; issues, trades in, settles, and underwrites government bonds; interbank placement; acts as an agent for inward and outward payments, and insurance agent; and loans based on local government fund. The company was formerly known as Bank of Nanchang Co., Ltd. and changed its name to Jiangxi Bank Co., Ltd. in December 2015. Jiangxi Bank Co., Ltd. was founded in 1997 and is headquartered in Nanchang, the People's Republic of China.
Jiangxi Bank Dividend Announcement
• Jiangxi Bank announced a annually dividend of HK$0.04 per ordinary share which will be made payable on 2024-07-26. Ex dividend date: 2024-06-11
• Jiangxi Bank annual dividend for 2024 was HK$0.04
• Jiangxi Bank annual dividend for 2023 was HK$0.06
• Jiangxi Bank's trailing twelve-month (TTM) dividend yield is 6.41%
• Jiangxi Bank's payout ratio for the trailing twelve months (TTM) is 127.53%
Jiangxi Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-11 | HK$0.04 | annually | 2024-07-26 |
2023-06-01 | HK$0.06 | annually | 2023-07-28 |
2022-06-30 | HK$0.06 | annually | 2022-08-26 |
2021-05-25 | HK$0.06 | annually | 2021-07-21 |
2020-06-02 | HK$0.05 | annually | 2020-07-28 |
2019-06-05 | HK$0.09 | annually | 2019-07-30 |
Jiangxi Bank Dividend per year
Jiangxi Bank Dividend growth
Jiangxi Bank Dividend Yield
Jiangxi Bank current trailing twelve-month (TTM) dividend yield is 6.41%. Interested in purchasing Jiangxi Bank stock? Use our calculator to estimate your expected dividend yield:
Jiangxi Bank Financial Ratios
Jiangxi Bank Dividend FAQ
Other factors to consider when evaluating Jiangxi 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: Jiangxi 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, Jiangxi 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, Jiangxi 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 Jiangxi 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: Jiangxi 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, Jiangxi 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: Jiangxi 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 Jiangxi 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 Jiangxi 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.