Ningbo Construction Co., Ltd. engages in construction business in China. It is involved in the construction of houses, curtain walls, and fire engineering works; steel structure engineering, pipeline installation engineering, municipal engineering, and electric power engineering works; door and window engineering design and construction; and building decoration activities. The company also undertakes various general contracting works, such as building construction and decoration, municipal engineering, housing construction, municipal public works construction, mechanical and electrical engineering construction, petrochemical engineering construction, and highway engineering construction works. In addition, it provides engineering survey, architectural design, rail transit, mechanical and electrical equipment installation, steel structure, and municipal public works supervision services. Further, the company produces and sells concrete, prestressed pipe piles, and ordinary ring subway shields. Ningbo Construction Co., Ltd. was founded in 1951 and is based in Ningbo, China.
Ningbo Construction Dividend Announcement
• Ningbo Construction announced a annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-07-04. Ex dividend date: 2024-07-04
• Ningbo Construction annual dividend for 2024 was ¥0.10
• Ningbo Construction annual dividend for 2023 was ¥0.10
• Ningbo Construction's trailing twelve-month (TTM) dividend yield is 2.1%
• Ningbo Construction's payout ratio for the trailing twelve months (TTM) is 116.02%
• Ningbo Construction's dividend growth over the last five years (2018-2023) was 7.39% year
Ningbo Construction Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-04 | ¥0.10 | annually | 2024-07-04 |
2023-06-30 | ¥0.10 | annually | 2023-06-30 |
2022-07-07 | ¥0.12 | annually | 2022-07-07 |
2021-06-24 | ¥0.10 | annually | 2021-06-24 |
2020-06-03 | ¥0.10 | annually | 2020-06-03 |
2019-06-24 | ¥0.07 | annually | 2019-06-24 |
2018-07-06 | ¥0.07 | annually | 2018-07-06 |
2017-06-15 | ¥0.07 | annually | 2017-06-15 |
2016-06-24 | ¥0.12 | annually | |
2015-07-03 | ¥0.12 | annually | |
2014-05-26 | ¥0.15 | annually | |
2013-05-24 | ¥0.10 | annually |
Ningbo Construction Dividend per year
Ningbo Construction Dividend growth
Ningbo Construction Dividend Yield
Ningbo Construction current trailing twelve-month (TTM) dividend yield is 2.1%. Interested in purchasing Ningbo Construction stock? Use our calculator to estimate your expected dividend yield:
Ningbo Construction Financial Ratios
Ningbo Construction Dividend FAQ
Other factors to consider when evaluating Ningbo Construction 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: Ningbo Construction'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, Ningbo Construction 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, Ningbo Construction 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 Ningbo Construction 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: Ningbo Construction 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, Ningbo Construction distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ningbo Construction 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 Ningbo Construction'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 Ningbo Construction'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.