Rongsheng Petrochemical Co., Ltd. produces, markets, and sells petrochemicals, chemical fibers, and other related products. It offers synthetic fibers and films; olefins and downstream; aromatics and downstream; gasoline, diesel, and kerosene; purified terephthalic acid; polyester chips; polyester bottle flakes; polyester pre-oriented yarns; polyester fully drawn yarns; and polyester textured yarns. The company also provides polystyrene resin, ABS resin, SAN resin, styrene butadiene rubber, ion exchange resin, unsaturated resin, styrene thermoplastic elastomer, methyl methacrylate, and purified terephthalic acids; synthetic resins, such as low density polyethylene, linear low density polyethylene, high density polyethylene, and polypropylene; and polycarbonate, xylene, ethylene, methyl methacrylate, bisphenol A, and acrylonitrile. The company was formerly known as Rongsheng Chemical Fiber Group Co., Ltd. and changed its name to Rongsheng Petrochemical Co., Ltd. in September 2007. The company was founded in 1995 and is based in Hangzhou, China. Rongsheng Petrochemical Co., Ltd. is a subsidiary of Zhejiang Rongsheng Holding Group Co., Ltd.
Rongsheng Petrochemical Dividend Announcement
• Rongsheng Petrochemical announced a annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-06-05. Ex dividend date: 2024-06-05
• Rongsheng Petrochemical annual dividend for 2024 was ¥0.10
• Rongsheng Petrochemical annual dividend for 2023 was ¥0.15
• Rongsheng Petrochemical's trailing twelve-month (TTM) dividend yield is 1.04%
• Rongsheng Petrochemical's payout ratio for the trailing twelve months (TTM) is 378.79%
• Rongsheng Petrochemical's dividend growth over the last five years (2018-2023) was 4.56% year
• Rongsheng Petrochemical's dividend growth over the last ten years (2013-2023) was 4.14% year
Rongsheng Petrochemical Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-05 | ¥0.10 | annually | 2024-06-05 |
2023-05-26 | ¥0.15 | annually | 2023-05-26 |
2022-06-06 | ¥0.15 | annually | 2022-06-06 |
2021-06-01 | ¥0.15 | annually | 2021-06-01 |
2020-05-28 | ¥0.12 | annually | 2020-05-28 |
2019-05-28 | ¥0.10 | annually | 2019-05-28 |
2018-05-08 | ¥0.12 | annually | 2018-05-08 |
2017-05-18 | ¥0.12 | annually | 2017-05-18 |
2016-06-06 | ¥0.03 | annually | |
2015-06-16 | ¥0.05 | annually | |
2014-05-16 | ¥0.10 | annually | |
2013-05-29 | ¥0.10 | annually |
Rongsheng Petrochemical Dividend per year
Rongsheng Petrochemical Dividend growth
Rongsheng Petrochemical Dividend Yield
Rongsheng Petrochemical current trailing twelve-month (TTM) dividend yield is 1.04%. Interested in purchasing Rongsheng Petrochemical stock? Use our calculator to estimate your expected dividend yield:
Rongsheng Petrochemical Financial Ratios
Rongsheng Petrochemical Dividend FAQ
Other factors to consider when evaluating Rongsheng Petrochemical 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: Rongsheng Petrochemical'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, Rongsheng Petrochemical 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, Rongsheng Petrochemical 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 Rongsheng Petrochemical 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: Rongsheng Petrochemical 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, Rongsheng Petrochemical distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Rongsheng Petrochemical 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 Rongsheng Petrochemical'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 Rongsheng Petrochemical'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.