Ningbo Energy Group Co.,Ltd., together with its subsidiaries, engages in the cogeneration business in China. It operates coal-fired power plants, coal-fired gas-fired thermal power plants, and renewable energy power plants. The company is also involved in the production and consulting services of electricity, heat, and ash; heat supply activities; and construction and operation of charging piles and other cities energy infrastructure. In addition, it engages in the new energy development; investment management; equity investment; bulk commodity and energy trading; financial leasing; and waterway transportation activities. The company was formerly known as NINGBO THERMAL POWER CO.,LTD. and changed its name to Ningbo Energy Group Co.,Ltd. in December 2020. Ningbo Energy Group Co.,Ltd. was founded in 1994 and is based in Ningbo, China.
Ningbo Energy Dividend Announcement
• Ningbo Energy announced a annually dividend of ¥0.15 per ordinary share which will be made payable on 2024-05-29. Ex dividend date: 2024-05-29
• Ningbo Energy annual dividend for 2024 was ¥0.15
• Ningbo Energy annual dividend for 2023 was ¥0.14
• Ningbo Energy's trailing twelve-month (TTM) dividend yield is 3.85%
• Ningbo Energy's payout ratio for the trailing twelve months (TTM) is 132.39%
• Ningbo Energy's dividend growth over the last five years (2018-2023) was 27.54% year
• Ningbo Energy's dividend growth over the last ten years (2013-2023) was 0.77% year
Ningbo Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-29 | ¥0.15 | annually | 2024-05-29 |
2023-05-24 | ¥0.14 | annually | 2023-05-24 |
2022-05-27 | ¥0.17 | annually | 2022-05-27 |
2021-05-28 | ¥0.14 | annually | 2021-05-28 |
2020-06-02 | ¥0.05 | annually | 2020-06-02 |
2019-06-24 | ¥0.07 | annually | 2019-06-24 |
2018-06-04 | ¥0.04 | annually | 2018-06-04 |
2017-06-19 | ¥0.04 | annually | 2017-06-19 |
2016-05-09 | ¥0.07 | annually | |
2015-06-29 | ¥0.06 | annually | |
2014-05-19 | ¥0.12 | annually | |
2013-07-10 | ¥0.12 | annually |
Ningbo Energy Dividend per year
Ningbo Energy Dividend growth
Ningbo Energy Dividend Yield
Ningbo Energy current trailing twelve-month (TTM) dividend yield is 3.85%. Interested in purchasing Ningbo Energy stock? Use our calculator to estimate your expected dividend yield:
Ningbo Energy Financial Ratios
Ningbo Energy Dividend FAQ
Other factors to consider when evaluating Ningbo Energy 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 Energy'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 Energy 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 Energy 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 Energy 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 Energy 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 Energy 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 Energy 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 Energy'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 Energy'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.