Shandong Sunway Chemical Group Co., Ltd. provides engineering services in petrochemical and coal chemical industry in China. The company's projects include AG0/VG0, catalytic cracking, reforming, hydrogenation, sulfur recovery, gasification, purification, ammonia synthesis, gases-shift, and methanol washing units. It also offers engineering consulting and design, engineering technical, general project contracting, project start-up, and post-maintenance services; and design services for pressure vessels and pressure pipelines, as well as produces and sells chemical raw materials. The company was formerly known as Shandong Sunway Petrochemical Engineering Co.,Ltd. Shandong Sunway Petrochemical Engineering Co.,Ltd was founded in 1969 and is headquartered in Zibo, China.
Shandong Sunway Chemical Dividend Announcement
• Shandong Sunway Chemical announced a semi annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-09-06. Ex dividend date: 2024-09-06
• Shandong Sunway Chemical annual dividend for 2024 was ¥0.40
• Shandong Sunway Chemical annual dividend for 2023 was ¥0.25
• Shandong Sunway Chemical's trailing twelve-month (TTM) dividend yield is 7.3%
• Shandong Sunway Chemical's payout ratio for the trailing twelve months (TTM) is 183.62%
• Shandong Sunway Chemical's dividend growth over the last five years (2018-2023) was 37.97% year
• Shandong Sunway Chemical's dividend growth over the last ten years (2013-2023) was 9.60% year
Shandong Sunway Chemical Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-06 | ¥0.10 | semi annually | 2024-09-06 |
2024-04-26 | ¥0.30 | semi annually | 2024-04-26 |
2023-05-25 | ¥0.25 | semi annually | 2023-05-25 |
2022-04-28 | ¥0.25 | semi annually | 2022-04-28 |
2021-04-30 | ¥0.15 | semi annually | 2021-04-30 |
2020-05-26 | ¥0.10 | semi annually | 2020-05-26 |
2019-04-26 | ¥0.10 | semi annually | 2019-04-26 |
2018-04-26 | ¥0.05 | semi annually | 2018-04-26 |
2017-04-27 | ¥0.10 | semi annually | 2017-04-27 |
2016-04-27 | ¥0.15 | semi annually | |
2015-05-06 | ¥0.15 | semi annually | |
2014-04-16 | ¥0.10 | semi annually | |
2013-04-03 | ¥0.10 | semi annually |
Shandong Sunway Chemical Dividend per year
Shandong Sunway Chemical Dividend growth
Shandong Sunway Chemical Dividend Yield
Shandong Sunway Chemical current trailing twelve-month (TTM) dividend yield is 7.3%. Interested in purchasing Shandong Sunway Chemical stock? Use our calculator to estimate your expected dividend yield:
Shandong Sunway Chemical Financial Ratios
Shandong Sunway Chemical Dividend FAQ
Other factors to consider when evaluating Shandong Sunway Chemical 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: Shandong Sunway Chemical'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, Shandong Sunway Chemical 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, Shandong Sunway Chemical 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 Shandong Sunway Chemical 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: Shandong Sunway Chemical 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, Shandong Sunway Chemical distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Shandong Sunway Chemical 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 Shandong Sunway Chemical'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 Shandong Sunway Chemical'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.