Sinosteel Engineering & Technology Co., Ltd., through its subsidiary, Sinosteel Equipment & Engineering Co., Ltd., focuses on the industrial engineering and service, municipal engineering and investment, energy saving and environment protection, and high-tech businesses. The company is involved in the development, processing, and utilization of ferrous, non-ferrous, and non-metallic mining resources; and construction and operation of coal-fired, gas-fired, hydropower, wind power solar power, waste incineration, biomass, power grid projects. It also produces clean energy, and reduces environmental pollution in coal chemical industry; and offers metallurgical equipment and spare parts, as well as undertakes projects for steel producers. In addition, the company is involved in the public infrastructure and environmental protection facility projects, including road, bridge, municipal sewage, and solid waste treatment; urban rail transit; and carbon trading and management activities. Further, it engages in the 3D printing, integrating manufacturing, equipment research and development, and technical, as well as metal parts restore and remanufacturing, and industrial intelligent system activities. The company was formerly known as Sinosteel Jilin Carbon Co., Ltd. and changed its name to Sinosteel Engineering & Technology Co., Ltd. in September 2014. The company was founded in 1972 and is headquartered in Beijing, China. Sinosteel Engineering & Technology Co., Ltd. operates as a subsidiary of Sinosteel Corporation.
Sinosteel Engineering & Technology Dividend Announcement
• Sinosteel Engineering & Technology announced a annually dividend of ¥0.27 per ordinary share which will be made payable on 2024-06-06. Ex dividend date: 2024-06-06
• Sinosteel Engineering & Technology annual dividend for 2024 was ¥0.27
• Sinosteel Engineering & Technology annual dividend for 2023 was ¥0.25
• Sinosteel Engineering & Technology's trailing twelve-month (TTM) dividend yield is 4.05%
• Sinosteel Engineering & Technology's payout ratio for the trailing twelve months (TTM) is 78.39%
• Sinosteel Engineering & Technology's dividend growth over the last five years (2018-2023) was 15.35% year
Sinosteel Engineering & Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-06 | ¥0.27 | annually | 2024-06-06 |
2023-06-06 | ¥0.25 | annually | 2023-06-06 |
2022-10-19 | ¥0.10 | annually | 2022-10-19 |
2022-05-20 | ¥0.15 | annually | 2022-05-20 |
2021-09-24 | ¥0.10 | annually | 2021-09-24 |
2021-04-30 | ¥0.14 | annually | 2021-04-30 |
2020-06-12 | ¥0.13 | annually | 2020-06-12 |
2019-06-12 | ¥0.12 | annually | 2019-06-12 |
2018-05-18 | ¥0.12 | annually | 2018-05-18 |
2017-05-19 | ¥0.05 | annually | 2017-05-19 |
2001-06-14 | ¥0.15 | annually | |
1999-08-13 | ¥0.19 | annually |
Sinosteel Engineering & Technology Dividend per year
Sinosteel Engineering & Technology Dividend growth
Sinosteel Engineering & Technology Dividend Yield
Sinosteel Engineering & Technology current trailing twelve-month (TTM) dividend yield is 4.05%. Interested in purchasing Sinosteel Engineering & Technology stock? Use our calculator to estimate your expected dividend yield:
Sinosteel Engineering & Technology Financial Ratios
Sinosteel Engineering & Technology Dividend FAQ
Other factors to consider when evaluating Sinosteel Engineering & Technology 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: Sinosteel Engineering & Technology'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, Sinosteel Engineering & Technology 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, Sinosteel Engineering & Technology 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 Sinosteel Engineering & Technology 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: Sinosteel Engineering & Technology 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, Sinosteel Engineering & Technology distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sinosteel Engineering & Technology 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 Sinosteel Engineering & Technology'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 Sinosteel Engineering & Technology'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.