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Sinopec Oilfield Equipment Corporation engages in the research, development, manufacture, and service of oil and gas equipment in China and internationally. It offers drilling rigs, cementing units, fracturing units, workover equipment, coiled tubing units, snubbing units, drill bits and tools, downhole tools, steel pipes, natural gas compressors, oil field environmental protection equipment, flow control products, petroleum integrated solution equipment, petroleum and petrochemical inspection equipment, natural gas pressurization equipment, and repair and maintenance equipment in the fields of oil and gas drilling, production and transportation, and offshore engineering. The company was formerly known as Kingdream Public Limited Company and changed its name to Sinopec Oilfield Equipment Corporation in July 2015. The company was founded in 1973 and is based in Wuhan, China. Sinopec Oilfield Equipment Corporation is a subsidiary of China Petrochemical Corporation.

Sinopec Oilfield Equipment Dividend Announcement

• Sinopec Oilfield Equipment announced a annually dividend of ¥0.05 per ordinary share which will be made payable on . Ex dividend date: 2014-08-01
• Sinopec Oilfield Equipment's trailing twelve-month (TTM) dividend yield is -%
• Sinopec Oilfield Equipment's payout ratio for the trailing twelve months (TTM) is 81.13%

Sinopec Oilfield Equipment Dividend History

Ex-Div dateDividend amountDividend typePay date
2014-08-01¥0.05annually
2013-05-17¥0.20annually
2012-05-11¥0.20annually
2011-04-28¥0.20annually
2010-05-26¥0.10annually
2009-05-27¥0.13annually
2008-04-24¥0.40annually
2007-03-13¥0.40annually
2006-08-03¥0.20annually
2005-07-27¥0.10annually
2004-07-02¥0.20annually
2003-07-25¥0.11annually

Sinopec Oilfield Equipment Dividend per year

Sinopec Oilfield Equipment Dividend growth

Sinopec Oilfield Equipment Dividend Yield

Sinopec Oilfield Equipment current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Sinopec Oilfield Equipment stock? Use our calculator to estimate your expected dividend yield:

Sinopec Oilfield Equipment Financial Ratios

P/E ratio62.87
PEG ratio-15.77
P/B ratio1.80
ROE2.92%
Payout ratio81.13%
Current ratio1.24
Quick ratio0.69
Cash Ratio0.10

Sinopec Oilfield Equipment Dividend FAQ

Does Sinopec Oilfield Equipment stock pay dividends?
Sinopec Oilfield Equipment does not currently pay dividends to its shareholders.
Has Sinopec Oilfield Equipment ever paid a dividend?
No, Sinopec Oilfield Equipment has no a history of paying dividends to its shareholders. Sinopec Oilfield Equipment is not known for its dividend payments.
Why doesn't Sinopec Oilfield Equipment pay dividends?
There are several potential reasons why Sinopec Oilfield Equipment would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Sinopec Oilfield Equipment ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Sinopec Oilfield Equipment has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Sinopec Oilfield Equipment a dividend aristocrat?
Sinopec Oilfield Equipment is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Sinopec Oilfield Equipment a dividend king?
Sinopec Oilfield Equipment is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Sinopec Oilfield Equipment a dividend stock?
No, Sinopec Oilfield Equipment is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Sinopec Oilfield Equipment stocks?
To buy Sinopec Oilfield Equipment you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Sinopec Oilfield Equipment stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.