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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-31 | HK$0.16 | annually | 2024-07-12 |
2023-05-30 | HK$0.15 | annually | 2023-07-11 |
2022-05-30 | HK$0.15 | annually | 2022-07-12 |
2021-05-31 | HK$0.15 | annually | 2021-07-13 |
2020-05-25 | HK$0.15 | annually | 2020-07-06 |
2019-05-23 | HK$0.15 | annually | 2019-07-04 |
2018-06-05 | HK$0.15 | annually | 2018-07-18 |
2017-06-05 | HK$0.12 | annually | 2017-07-17 |
2016-06-07 | HK$0.10 | annually | 2016-07-18 |
2015-06-02 | HK$0.10 | annually | 2015-07-10 |
2014-05-28 | HK$0.08 | annually | 2014-07-11 |
2013-06-05 | HK$0.06 | annually | 2013-06-17 |
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
Towngas Smart Energy Dividend FAQ
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.
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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.
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.
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.