Nanjing Iron & Steel Co., Ltd. produces and sells steel products in China, Europe, South Korea, India, the Middle East, and Southeast Asia. Its products are used in various applications, including deep water double rig semi-submersible combustible ice drilling platforms, nuclear power projects, heavy self-propelled cutter suction vessels, hydraulic excavators, bridges, LNG projects, natural gas pipeline projects, LNG storage tanks, drill pipe joints, and engineering applications. Nanjing Iron & Steel Co., Ltd. was incorporated in 1999 and is based in Nanjing, China.
Nanjing Iron & Steel Dividend Announcement
• Nanjing Iron & Steel announced a semi annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-09-24. Ex dividend date: 2024-09-24
• Nanjing Iron & Steel annual dividend for 2024 was ¥0.35
• Nanjing Iron & Steel annual dividend for 2023 was ¥0.25
• Nanjing Iron & Steel's trailing twelve-month (TTM) dividend yield is 8.03%
• Nanjing Iron & Steel's payout ratio for the trailing twelve months (TTM) is 176.90%
• Nanjing Iron & Steel's dividend growth over the last five years (2018-2023) was 37.97% year
Nanjing Iron & Steel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-24 | ¥0.10 | semi annually | 2024-09-24 |
2024-05-10 | ¥0.25 | semi annually | 2024-05-10 |
2023-05-08 | ¥0.25 | semi annually | 2023-05-08 |
2022-05-10 | ¥0.30 | semi annually | 2022-05-10 |
2021-05-13 | ¥0.25 | semi annually | 2021-05-13 |
2020-05-13 | ¥0.30 | semi annually | 2020-05-13 |
2019-04-26 | ¥0.30 | semi annually | 2019-04-26 |
2018-05-07 | ¥0.05 | semi annually | 2018-05-07 |
2012-05-17 | ¥0.07 | semi annually | |
2011-10-13 | ¥0.20 | semi annually | |
2010-05-19 | ¥0.04 | semi annually | |
2009-06-09 | ¥0.04 | semi annually | |
2008-05-16 | ¥0.18 | semi annually |
Nanjing Iron & Steel Dividend per year
Nanjing Iron & Steel Dividend growth
Nanjing Iron & Steel Dividend Yield
Nanjing Iron & Steel current trailing twelve-month (TTM) dividend yield is 8.03%. Interested in purchasing Nanjing Iron & Steel stock? Use our calculator to estimate your expected dividend yield:
Nanjing Iron & Steel Financial Ratios
Nanjing Iron & Steel Dividend FAQ
Other factors to consider when evaluating Nanjing Iron & Steel 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: Nanjing Iron & Steel'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, Nanjing Iron & Steel 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, Nanjing Iron & Steel 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 Nanjing Iron & Steel 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: Nanjing Iron & Steel 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, Nanjing Iron & Steel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nanjing Iron & Steel 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 Nanjing Iron & Steel'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 Nanjing Iron & Steel'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.