Shenzhen Gas Corporation Ltd. engages in the pipeline gas, gas investment, vehicle and vessel refueling, petroleum gas, and bottled liquefied petroleum gas retail businesses. It serves 4.3 million pipeline gas customers approximately through 7,300 kilometers of pipelines. The company also holds rights to operate pipeline gas business in 57 cities under the Shenzhen gas brand in the provinces of Guangdong, Guangxi, Hunan, Hubei, Jiangxi, Jiangsu, Zhejiang, Anhui, Yunnan, Sichuan, Hebei, Shandong, Inner Mongolia, and other provinces; and operates 23 natural gas refueling stations and approximately 84 direct-sale stores, as well as 2 liquefied petroleum gas storage, distribution, and filling stations. In addition, it engages in the liquefied petroleum gas wholesale business through a network of 80,000 cubic meters each for propane and butane, 1 berth at a 50,000-ton unloading dock, 1 berth at a 5,000-ton loading dock, and 10 tank truck loading docks. Shenzhen Gas Corporation Ltd. was founded in 1982 and is based in Shenzhen, China.
Shenzhen Gas Dividend Announcement
• Shenzhen Gas announced a annually dividend of ¥0.16 per ordinary share which will be made payable on 2024-06-19. Ex dividend date: 2024-06-19
• Shenzhen Gas annual dividend for 2024 was ¥0.16
• Shenzhen Gas annual dividend for 2023 was ¥0.13
• Shenzhen Gas's trailing twelve-month (TTM) dividend yield is 2.22%
• Shenzhen Gas's payout ratio for the trailing twelve months (TTM) is 33.91%
• Shenzhen Gas's dividend growth over the last five years (2018-2023) was -2.82% year
• Shenzhen Gas's dividend growth over the last ten years (2013-2023) was 2.20% year
Shenzhen Gas Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-19 | ¥0.16 | annually | 2024-06-19 |
2023-06-08 | ¥0.13 | annually | 2023-06-08 |
2022-06-23 | ¥0.16 | annually | 2022-06-23 |
2021-06-24 | ¥0.21 | annually | 2021-06-24 |
2020-06-19 | ¥0.18 | annually | 2020-06-19 |
2019-06-20 | ¥0.15 | annually | 2019-06-20 |
2018-06-22 | ¥0.15 | annually | 2018-06-22 |
2017-06-14 | ¥0.08 | annually | 2017-06-14 |
2016-06-20 | ¥0.08 | annually | |
2015-06-26 | ¥0.11 | annually | |
2014-06-25 | ¥0.11 | annually | |
2013-06-24 | ¥0.10 | annually |
Shenzhen Gas Dividend per year
Shenzhen Gas Dividend growth
Shenzhen Gas Dividend Yield
Shenzhen Gas current trailing twelve-month (TTM) dividend yield is 2.22%. Interested in purchasing Shenzhen Gas stock? Use our calculator to estimate your expected dividend yield:
Shenzhen Gas Financial Ratios
Shenzhen Gas Dividend FAQ
Other factors to consider when evaluating Shenzhen 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: Shenzhen 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, Shenzhen 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, Shenzhen 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 Shenzhen 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: Shenzhen 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, Shenzhen 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: Shenzhen 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 Shenzhen 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 Shenzhen 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.