company-logo

Towngas Smart Energy Company Limited, an investment holding company, sells and distributes piped gas in the People's Republic of China. The company operates through two segments, Sales and Distribution of Piped Gas and Related Products, and Gas Connection. It engages in the provision of natural gas and related services; construction of gas pipelines; operation of urban pipeline gas network; sale of gas related household appliances; and other value-added services. The company also offers financing services; provides engineering works services; and operates vehicle gas refilling stations, as well as smart energy solutions. It serves approximately 15.09 million customers. The company was formerly known as Towngas China Company Limited and changed its name to Towngas Smart Energy Company Limited in December 2021. The company was founded in 1998 and is headquartered in North Point, Hong Kong. Towngas Smart Energy Company Limited is a subsidiary of The Hong Kong and China Gas Company Limited.

Towngas Smart Energy Dividend Announcement

Towngas Smart Energy announced a annually dividend of HK$0.16 per ordinary share which will be made payable on 2024-07-12. Ex dividend date: 2024-05-31
Towngas Smart Energy annual dividend for 2024 was HK$0.16
Towngas Smart Energy annual dividend for 2023 was HK$0.15
Towngas Smart Energy's trailing twelve-month (TTM) dividend yield is 5.1%
Towngas Smart Energy's payout ratio for the trailing twelve months (TTM) is 12.72%
Towngas Smart Energy's dividend growth over the last ten years (2013-2023) was 9.60% year

Towngas Smart Energy Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-31HK$0.16annually2024-07-12
2023-05-30HK$0.15annually2023-07-11
2022-05-30HK$0.15annually2022-07-12
2021-05-31HK$0.15annually2021-07-13
2020-05-25HK$0.15annually2020-07-06
2019-05-23HK$0.15annually2019-07-04
2018-06-05HK$0.15annually2018-07-18
2017-06-05HK$0.12annually2017-07-17
2016-06-07HK$0.10annually2016-07-18
2015-06-02HK$0.10annually2015-07-10
2014-05-28HK$0.08annually2014-07-11
2013-06-05HK$0.06annually2013-06-17

Towngas Smart Energy Dividend per year

Towngas Smart Energy Dividend growth

Towngas Smart Energy Dividend Yield

Towngas Smart Energy current trailing twelve-month (TTM) dividend yield is 5.1%. Interested in purchasing Towngas Smart Energy stock? Use our calculator to estimate your expected dividend yield:

Towngas Smart Energy Financial Ratios

P/E ratio10.04
PEG ratio0.10
P/B ratio0.54
ROE5.30%
Payout ratio12.72%
Current ratio0.40
Quick ratio0.37
Cash Ratio0.19

Towngas Smart Energy Dividend FAQ

How much is the next Towngas Smart Energy dividend?
Towngas Smart Energy's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Towngas Smart Energy dividend. The next Towngas Smart Energy dividend will be released in May.
When is Towngas Smart Energy dividend paid?
Towngas Smart Energy pays dividends on a annually basis. The specific dates may vary each year but are generally around May. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Towngas Smart Energy pay?
The specific amount of Towngas Smart Energy dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Towngas Smart Energy's dividend history.
Does Towngas Smart Energy stock pay dividends?
Yes, Towngas Smart Energy does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Towngas Smart Energy's dividend history.
How much dividend does Towngas Smart Energy pay?
Towngas Smart Energy paid HK$0.16 in 2024, HK$0.15 in 2023, HK$0.15 in 2022, HK$0.15 in 2021, and HK$0.15 in 2020.
How often does Towngas Smart Energy pay dividends?
Towngas Smart Energy typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around May.
What is Towngas Smart Energy's dividend yield?
The current dividend yield for Towngas Smart Energy is 5.1%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Towngas Smart Energy's exact dividend yield.
When does Towngas Smart Energy go ex dividend?
Towngas Smart Energy's ex-dividend date for the latest dividend was on 2024-05-31. Towngas Smart Energy typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Towngas Smart Energy dividend paid?
Towngas Smart Energy pays dividends on a annually basis, typically around May, but the exact dates can vary each year.
Will Towngas Smart Energy increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Towngas Smart Energy will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Towngas Smart Energy dividend per share?
Towngas Smart Energy paid HK$0.16 per share in 2024 and HK$0.15 per share in 2023. The amount of dividend per share that Towngas Smart Energy pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Towngas Smart Energy a dividend aristocrat?
No, 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 Towngas Smart Energy a dividend king?
No, 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 Towngas Smart Energy a dividend stock?
Yes, Towngas Smart Energy is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Towngas Smart Energy a good dividend stock?
Whether Towngas Smart Energy is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Towngas Smart Energy has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Towngas Smart Energy 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.
Does Towngas Smart Energy pay dividends monthly?
Towngas Smart Energy typically pays dividends on a annually basis.
Does Towngas Smart Energy pay dividends quarterly?
Towngas Smart Energy currently pays dividends on a annually basis.
Has Towngas Smart Energy ever paid a dividend?
Yes, Towngas Smart Energy has a history of paying dividends to its shareholders. Towngas Smart Energy is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Towngas Smart Energy dividend stocks?
To buy Towngas Smart Energy 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Towngas Smart Energy 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.
When does Towngas Smart Energy pay dividends 2024?
Towngas Smart Energy pays dividends on a annually basis. 2024 dividend payments are in 2024-07-12. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Towngas Smart Energy increase its dividend in 2024?
Decisions regarding Towngas Smart Energy dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Towngas Smart Energy dividend overview you can look into the above table of dividend history.
How Towngas Smart Energy dividend works?
The Towngas Smart Energy dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Towngas Smart Energy's dividend process works:

1. Determination of Dividend: Towngas Smart Energy'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, Towngas Smart Energy 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, Towngas Smart Energy 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 Towngas Smart Energy 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.
How are Towngas Smart Energy dividends paid?
Towngas Smart Energy dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Towngas Smart Energy 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, Towngas Smart Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Towngas Smart Energy 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.
How many times does Towngas Smart Energy pay dividends?
Towngas Smart Energy typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Towngas Smart Energy pay dividends?
The general pattern is that Towngas Smart Energy pays dividends around May. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Towngas Smart Energy dividend safe?
The safety of Towngas Smart Energy's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Towngas Smart Energy'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 Towngas Smart Energy'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.