Norinco International Cooperation Ltd. operates as an engineering contractor in Asia, Africa, Europe, and internationally. It is involved in the construction of various projects, such as railways, roads and bridges, civil construction, municipal facilities, petroleum, power plants, industrial manufacturing, and environmental protection. The company also develops real estate properties, such as residential and commercial projects; and provides architectural decoration services. In addition, it offers services in the field of power engineering, mining facilities, heavy-duty vehicles and equipment, integrated logistics services, solar lighting, etc. Further, it researches, develops, and manufactures packaging containers. The company was founded in 2001 and is based in Beijing, China. Norinco International Cooperation Ltd. is a subsidiary of China North Industries Corporation.
Norinco International Cooperation Dividend Announcement
• Norinco International Cooperation announced a annually dividend of ¥0.09 per ordinary share which will be made payable on 2024-06-21. Ex dividend date: 2024-06-21
• Norinco International Cooperation annual dividend for 2024 was ¥0.09
• Norinco International Cooperation annual dividend for 2023 was ¥0.06
• Norinco International Cooperation's trailing twelve-month (TTM) dividend yield is 0.87%
• Norinco International Cooperation's payout ratio for the trailing twelve months (TTM) is 33.58%
• Norinco International Cooperation's dividend growth over the last five years (2018-2023) was -10.01% year
• Norinco International Cooperation's dividend growth over the last ten years (2013-2023) was 1.67% year
Norinco International Cooperation Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-21 | ¥0.09 | annually | 2024-06-21 |
2023-07-07 | ¥0.06 | annually | 2023-07-07 |
2022-07-11 | ¥0.06 | annually | 2022-07-11 |
2021-06-25 | ¥0.10 | annually | 2021-06-25 |
2020-06-03 | ¥0.09 | annually | 2020-06-03 |
2019-06-27 | ¥0.08 | annually | 2019-06-27 |
2018-06-01 | ¥0.11 | annually | 2018-06-01 |
2017-06-27 | ¥0.08 | annually | 2017-06-27 |
2016-06-24 | ¥0.07 | annually | |
2015-05-07 | ¥0.07 | annually | |
2014-06-13 | ¥0.07 | annually | |
2013-06-07 | ¥0.05 | annually |
Norinco International Cooperation Dividend per year
Norinco International Cooperation Dividend growth
Norinco International Cooperation Dividend Yield
Norinco International Cooperation current trailing twelve-month (TTM) dividend yield is 0.87%. Interested in purchasing Norinco International Cooperation stock? Use our calculator to estimate your expected dividend yield:
Norinco International Cooperation Financial Ratios
Norinco International Cooperation Dividend FAQ
Other factors to consider when evaluating Norinco International Cooperation 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: Norinco International Cooperation'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, Norinco International Cooperation 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, Norinco International Cooperation 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 Norinco International Cooperation 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: Norinco International Cooperation 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, Norinco International Cooperation distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Norinco International Cooperation 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 Norinco International Cooperation'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 Norinco International Cooperation'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.