Seoul City Gas Co., Ltd. supplies natural gas to residential, commercial, and industrial customers in South Korea. The company operates 4,441 kilometers of distribution pipelines covering a total distribution area of 1,249 square kilometers. It serves approximately 2.47 million families in the 11 areas of North Western Seoul, as well as the cities of Gyunggi-do. The company was founded in 1970 and is headquartered in Seoul, South Korea.
Seoul City Gas Dividend Announcement
• Seoul City Gas announced a annually dividend of ₩2250.00 per ordinary share which will be made payable on 2024-04-03. Ex dividend date: 2023-12-27
• Seoul City Gas annual dividend for 2023 was ₩2250.00
• Seoul City Gas's trailing twelve-month (TTM) dividend yield is 4.29%
• Seoul City Gas's payout ratio for the trailing twelve months (TTM) is 41.84%
• Seoul City Gas's dividend growth over the last five years (2018-2023) was 5.15% year
• Seoul City Gas's dividend growth over the last ten years (2013-2023) was 6.05% year
Seoul City Gas Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-27 | ₩2250.00 | annually | 2024-04-03 |
2022-12-28 | ₩1750.00 | annually | 2023-04-05 |
2021-12-29 | ₩1750.00 | annually | 2022-04-06 |
2020-12-29 | ₩1750.00 | annually | 2021-04-07 |
2020-09-28 | ₩15000.00 | annually | 2020-10-19 |
2019-12-27 | ₩1750.00 | annually | 2020-04-01 |
2018-12-27 | ₩1750.00 | annually | 2019-04-09 |
2017-12-27 | ₩1750.00 | annually | 2018-04-04 |
2016-12-28 | ₩1750.00 | annually | |
2015-12-29 | ₩1750.00 | annually | |
2014-12-29 | ₩1500.00 | annually | |
2013-12-27 | ₩1250.00 | annually | |
2012-12-27 | ₩1250.00 | annually |
Seoul City Gas Dividend per year
Seoul City Gas Dividend growth
Seoul City Gas Dividend Yield
Seoul City Gas current trailing twelve-month (TTM) dividend yield is 4.29%. Interested in purchasing Seoul City Gas stock? Use our calculator to estimate your expected dividend yield:
Seoul City Gas Financial Ratios
Seoul City Gas Dividend FAQ
Other factors to consider when evaluating Seoul City Gas 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: Seoul City Gas'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, Seoul City Gas 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, Seoul City Gas 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 Seoul City Gas 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: Seoul City Gas 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, Seoul City Gas distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Seoul City Gas 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 Seoul City Gas'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 Seoul City Gas'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.