Qilu Expressway Company Limited, together with its subsidiaries, operates expressways in the People's Republic of China. The company constructs, maintains, operates, and manages the Jihe Expressway that has a total length of approximately 153.6 kilometers, which runs from Jinan City to Heze City in Shandong Province; Deshang Expressway that has a total length of approximately 68.942 kilometers in Henan Province; and Shennan Expressway that has a total length of approximately 18.267 kilometers in Henan Province. It also produces and distributes outdoor advertising; and sells construction materials, as well as provides construction contracting services. The company was formerly known as Shandong Jihe Expressway Company Limited. Qilu Expressway Company Limited was incorporated in 2004 and is headquartered in Jinan, the People's Republic of China.
Qilu Expressway Dividend Announcement
• Qilu Expressway announced a annually dividend of HK$0.16 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-07-02
• Qilu Expressway annual dividend for 2024 was HK$0.16
• Qilu Expressway annual dividend for 2023 was HK$0.20
• Qilu Expressway's trailing twelve-month (TTM) dividend yield is 7.72%
• Qilu Expressway's payout ratio for the trailing twelve months (TTM) is 73.04%
Qilu Expressway Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-02 | HK$0.16 | annually | 2024-08-30 |
2023-06-30 | HK$0.20 | annually | 2023-08-31 |
2022-07-04 | HK$0.21 | annually | 2022-08-31 |
2021-06-28 | HK$0.22 | annually | 2021-08-31 |
2020-06-15 | HK$0.18 | annually | 2020-07-31 |
2019-06-12 | HK$0.15 | annually | 2019-08-23 |
Qilu Expressway Dividend per year
Qilu Expressway Dividend growth
Qilu Expressway Dividend Yield
Qilu Expressway current trailing twelve-month (TTM) dividend yield is 7.72%. Interested in purchasing Qilu Expressway stock? Use our calculator to estimate your expected dividend yield:
Qilu Expressway Financial Ratios
Qilu Expressway Dividend FAQ
Other factors to consider when evaluating Qilu Expressway 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: Qilu Expressway'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, Qilu Expressway 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, Qilu Expressway 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 Qilu Expressway 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: Qilu Expressway 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, Qilu Expressway distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Qilu Expressway 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 Qilu Expressway'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 Qilu Expressway'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.