Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions. Lufax Holding Ltd was founded in 2005 and is headquartered in Shanghai, China.
Lufax Dividend Announcement
• Lufax announced a semi annually dividend of $2.42 per ordinary share which will be made payable on 2024-08-06. Ex dividend date: 2024-06-04
• Lufax annual dividend for 2024 was $4.79
• Lufax annual dividend for 2023 was $0.08
• Lufax's trailing twelve-month (TTM) dividend yield is 22.59%
• Lufax's payout ratio for the trailing twelve months (TTM) is -42.45%
Lufax Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-04 | $2.42 | semi annually | 2024-08-06 |
2024-05-31 | $2.37 | semi annually | 2024-08-06 |
2023-10-11 | $0.04 | semi annually | 2023-10-30 |
2023-04-05 | $0.05 | semi annually | 2023-04-21 |
2022-10-12 | $0.15 | semi annually | 2022-10-28 |
2022-04-07 | $0.32 | semi annually | 2022-04-22 |
Lufax Dividend per year
Lufax Dividend growth
Lufax Dividend Yield
Lufax current trailing twelve-month (TTM) dividend yield is 22.59%. Interested in purchasing Lufax stock? Use our calculator to estimate your expected dividend yield:
Lufax Financial Ratios
Lufax Dividend FAQ
Other factors to consider when evaluating Lufax 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: Lufax'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, Lufax 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, Lufax 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 Lufax 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: Lufax 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, Lufax distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Lufax 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 Lufax'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 Lufax'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.