Offshore Oil Engineering Co., Ltd. operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides construction of offshore oil construction projects, marine engineering, chemical engineering, pressure pipeline, electrical and instrument automation products, special equipment for oil, gas and water treatment equipment, skid-mounted natural gas compressor units, deepwater subsea production systems and facilities, E&I products, technical, submarine pipeline maintenance, and other services for offshore oil underwater projects; oil-gas field development and repair services; and consulting services for deep-sea projects. It also engages in the construction, design, installation, repair, and maintenance of offshore oil-gas projects; contract, design, installation, repair, and relevant business of offshore oil and gas filed development engineering; and provision of EPCI and specialized contract, non-destructive and welding testing, and project contracting services. The company was founded in 2000 and is headquartered in Tianjin, China. Offshore Oil Engineering Co., Ltd. is a subsidiary of China National Offshore Oil Corporation.
Offshore Oil Engineering Dividend Announcement
• Offshore Oil Engineering announced a annually dividend of ¥0.15 per ordinary share which will be made payable on 2024-06-18. Ex dividend date: 2024-06-18
• Offshore Oil Engineering annual dividend for 2024 was ¥0.15
• Offshore Oil Engineering annual dividend for 2023 was ¥0.10
• Offshore Oil Engineering's trailing twelve-month (TTM) dividend yield is 2.61%
• Offshore Oil Engineering's payout ratio for the trailing twelve months (TTM) is 54.84%
• Offshore Oil Engineering's dividend growth over the last five years (2018-2023) was 14.87% year
• Offshore Oil Engineering's dividend growth over the last ten years (2013-2023) was 12.79% year
Offshore Oil Engineering Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-18 | ¥0.15 | annually | 2024-06-18 |
2023-06-12 | ¥0.10 | annually | 2023-06-12 |
2022-06-10 | ¥0.08 | annually | 2022-06-10 |
2021-06-15 | ¥0.07 | annually | 2021-06-15 |
2020-06-12 | ¥0.06 | annually | 2020-06-12 |
2019-06-14 | ¥0.05 | annually | 2019-06-14 |
2018-06-05 | ¥0.05 | annually | 2018-06-05 |
2017-06-14 | ¥0.10 | annually | 2017-06-14 |
2016-06-08 | ¥0.25 | annually | |
2015-06-11 | ¥0.23 | annually | |
2014-06-17 | ¥0.10 | annually | |
2013-05-22 | ¥0.03 | annually |
Offshore Oil Engineering Dividend per year
Offshore Oil Engineering Dividend growth
Offshore Oil Engineering Dividend Yield
Offshore Oil Engineering current trailing twelve-month (TTM) dividend yield is 2.61%. Interested in purchasing Offshore Oil Engineering stock? Use our calculator to estimate your expected dividend yield:
Offshore Oil Engineering Financial Ratios
Offshore Oil Engineering Dividend FAQ
Other factors to consider when evaluating Offshore Oil Engineering 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: Offshore Oil Engineering'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, Offshore Oil Engineering 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, Offshore Oil Engineering 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 Offshore Oil Engineering 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: Offshore Oil Engineering 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, Offshore Oil Engineering distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Offshore Oil Engineering 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 Offshore Oil Engineering'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 Offshore Oil Engineering'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.