Ningbo United Group Co.,Ltd., together with its subsidiaries, engages in the thermoelectricity, real estate, and trade businesses in China. It is involved in the development and construction of Ningbo Economic and Technological Development Zone comprising six functional areas, including industry, commerce, warehousing, public construction, living, and foreign villas. The company also operates Qijiashan Hotel, a four-star tourist hotel; and generates and supplies thermal power and heat. In addition, it is involved in the development of real estate properties and residential projects; tourism culture development business; import and export of various products; and provision of investment management services. The company was formerly known as Ningbo Economic and Technical Development Zone United Development Corporation Limited and changed its name to Ningbo United Group Co.,Ltd. in June 1996. Ningbo United Group Co.,Ltd. was founded in 1988 and is based in Ningbo, China.
Ningbo United Dividend Announcement
• Ningbo United announced a annually dividend of ¥0.12 per ordinary share which will be made payable on 2024-06-07. Ex dividend date: 2024-06-07
• Ningbo United annual dividend for 2024 was ¥0.12
• Ningbo United annual dividend for 2023 was ¥0.12
• Ningbo United's trailing twelve-month (TTM) dividend yield is 1.75%
• Ningbo United's payout ratio for the trailing twelve months (TTM) is 90.83%
• Ningbo United's dividend growth over the last five years (2018-2023) was -1.59% year
Ningbo United Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-07 | ¥0.12 | annually | 2024-06-07 |
2023-06-16 | ¥0.12 | annually | 2023-06-16 |
2022-06-10 | ¥0.10 | annually | 2022-06-10 |
2021-06-16 | ¥0.20 | annually | 2021-06-16 |
2020-05-08 | ¥0.20 | annually | 2020-05-08 |
2019-05-24 | ¥0.15 | annually | 2019-05-24 |
2018-07-06 | ¥0.13 | annually | 2018-07-06 |
2017-06-05 | ¥0.08 | annually | 2017-06-05 |
2016-06-20 | ¥0.08 | annually | |
2014-05-13 | ¥0.16 | annually | |
2013-06-13 | ¥0.10 | annually | |
2012-05-29 | ¥0.10 | annually |
Ningbo United Dividend per year
Ningbo United Dividend growth
Ningbo United Dividend Yield
Ningbo United current trailing twelve-month (TTM) dividend yield is 1.75%. Interested in purchasing Ningbo United stock? Use our calculator to estimate your expected dividend yield:
Ningbo United Financial Ratios
Ningbo United Dividend FAQ
Other factors to consider when evaluating Ningbo United 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 United'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 United 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 United 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 United 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 United 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 United 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 United 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 United'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 United'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.