Shanghai Rural Commercial Bank Co., Ltd. provides a range of banking products and services to individual and corporate customers in China. The company offers deposits, including current, term, call, and fixed deposits, as well as certificates of deposit and agreement deposits; and housing, consumer, business, farmer, and entrusted loans. It provides credit and debit cards; wealth management services; insurance and treasure bond brokerage services; open-ended funds; settlement, financial advisory, and treasury services; electronic and telephone banking services; safe keeping boxes; and SME finance services. The company also offers supply chain, working capital, fixed assets, fixed assets support, and agriculture finance products; investment banking credit, credit line, guarantee, and non-financial institution financing products; and commercial bill acceptance and discount, forfeiting, foreign exchange, and domestic settlement services, as well as ATMs. In addition, it provides export and import financing, letter of guarantee and credit, inward and outward remittance, and documentary collection services; and engages in the gold and metal, and bank securities transfer businesses. As of December 31, 2021, the company operated 366 branches. Shanghai Rural Commercial Bank Co., Ltd. was formerly known as Shanghai Rural Credit Co-operatives Union and changed its name to Shanghai Rural Commercial Bank Co., Ltd. in August 2005. The company was incorporated in 2005 and is headquartered in Shanghai, China.
Shanghai Rural Commercial Bank Dividend Announcement
• Shanghai Rural Commercial Bank announced a semi annually dividend of ¥0.24 per ordinary share which will be made payable on 2024-09-25. Ex dividend date: 2024-09-25
• Shanghai Rural Commercial Bank annual dividend for 2024 was ¥0.62
• Shanghai Rural Commercial Bank annual dividend for 2023 was ¥0.34
• Shanghai Rural Commercial Bank's trailing twelve-month (TTM) dividend yield is 7.68%
• Shanghai Rural Commercial Bank's payout ratio for the trailing twelve months (TTM) is 69.88%
Shanghai Rural Commercial Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-25 | ¥0.24 | semi annually | 2024-09-25 |
2024-06-26 | ¥0.38 | semi annually | 2024-06-26 |
2023-06-28 | ¥0.34 | semi annually | 2023-06-28 |
2022-06-30 | ¥0.30 | semi annually | 2022-06-30 |
2021-12-03 | ¥0.26 | semi annually | 2021-12-03 |
Shanghai Rural Commercial Bank Dividend per year
Shanghai Rural Commercial Bank Dividend growth
Shanghai Rural Commercial Bank Dividend Yield
Shanghai Rural Commercial Bank current trailing twelve-month (TTM) dividend yield is 7.68%. Interested in purchasing Shanghai Rural Commercial Bank stock? Use our calculator to estimate your expected dividend yield:
Shanghai Rural Commercial Bank Financial Ratios
Shanghai Rural Commercial Bank Dividend FAQ
Other factors to consider when evaluating Shanghai Rural Commercial Bank 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: Shanghai Rural Commercial Bank'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, Shanghai Rural Commercial Bank 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, Shanghai Rural Commercial Bank 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 Shanghai Rural Commercial Bank 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: Shanghai Rural Commercial Bank 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, Shanghai Rural Commercial Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Shanghai Rural Commercial Bank 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 Shanghai Rural Commercial Bank'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 Shanghai Rural Commercial Bank'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.