Ningbo Marine Company Limited, a shipping company, provides marine transportation services in China. It operates in two segments, the Shipping and Transportation; and the Highway Operations. The company is involved in the international and domestic dry bulk transportation; general cargo transportation; repair of ships and auxiliary machinery; transshipment and intermodal transportation of goods at sea; retailing; domestic labor service; house leasing; property management; and industrial investment activities. It also engages in the operation of toll road. The company is based in Ningbo, China. Ningbo Marine Company Limited is a subsidiary of Zhejiang Provincial Energy Group Company Ltd.
Ningbo Marine Dividend Announcement
• Ningbo Marine announced a annually dividend of ¥0.03 per ordinary share which will be made payable on 2024-06-21. Ex dividend date: 2024-06-21
• Ningbo Marine annual dividend for 2024 was ¥0.03
• Ningbo Marine annual dividend for 2023 was ¥0.03
• Ningbo Marine's trailing twelve-month (TTM) dividend yield is 0.97%
• Ningbo Marine's payout ratio for the trailing twelve months (TTM) is -468.84%
• Ningbo Marine's dividend growth over the last five years (2018-2023) was -9.71% year
Ningbo Marine Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-21 | ¥0.03 | annually | 2024-06-21 |
2023-07-13 | ¥0.03 | annually | 2023-07-13 |
2022-07-15 | ¥0.08 | annually | 2022-07-15 |
2021-06-11 | ¥0.06 | annually | 2021-06-11 |
2020-05-19 | ¥0.06 | annually | 2020-05-19 |
2019-05-24 | ¥0.06 | annually | 2019-05-24 |
2018-05-23 | ¥0.05 | annually | 2018-05-23 |
2017-05-26 | ¥0.03 | annually | 2017-05-26 |
2016-05-27 | ¥0.01 | annually | |
2015-05-29 | ¥0.01 | annually | |
2014-05-27 | ¥0.01 | annually | |
2012-05-22 | ¥0.03 | annually |
Ningbo Marine Dividend per year
Ningbo Marine Dividend growth
Ningbo Marine Dividend Yield
Ningbo Marine current trailing twelve-month (TTM) dividend yield is 0.97%. Interested in purchasing Ningbo Marine stock? Use our calculator to estimate your expected dividend yield:
Ningbo Marine Financial Ratios
Ningbo Marine Dividend FAQ
Other factors to consider when evaluating Ningbo Marine 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 Marine'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 Marine 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 Marine 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 Marine 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 Marine 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 Marine 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 Marine 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 Marine'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 Marine'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.