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Wuhan Sante Cableway Group Co., Ltd. operates in the tourism industry in China. The company invests in, constructs, and operates approximately 20 sightseeing ropeway and scenic spots projects, including Huashan cableway in Shaanxi; Qiandao Lake cableway in Zhejiang; Fanjing Mountain scenic spot in Guizhou; and Monkey Island scenic spot in Hainan. It also operates a tourism complex. The company was founded in 1989 and is based in Wuhan, China.

Wuhannte Cableway Dividend Announcement

Wuhannte Cableway announced a annually dividend of ¥0.22 per ordinary share which will be made payable on 2024-07-12. Ex dividend date: 2024-07-12
Wuhannte Cableway annual dividend for 2024 was ¥0.22
Wuhannte Cableway's trailing twelve-month (TTM) dividend yield is 1.34%
Wuhannte Cableway's payout ratio for the trailing twelve months (TTM) is 4.10%

Wuhannte Cableway Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-12¥0.22annually2024-07-12
2014-04-18¥0.05annually
2013-06-07¥0.06annually
2011-06-17¥0.05annually
2010-05-07¥0.05annually
2008-05-16¥0.02annually

Wuhannte Cableway Dividend per year

Wuhannte Cableway Dividend growth

Wuhannte Cableway Dividend Yield

Wuhannte Cableway current trailing twelve-month (TTM) dividend yield is 1.34%. Interested in purchasing Wuhannte Cableway stock? Use our calculator to estimate your expected dividend yield:

Wuhannte Cableway Financial Ratios

P/E ratio19.08
PEG ratio2.93
P/B ratio2.26
ROE12.00%
Payout ratio4.10%
Current ratio1.19
Quick ratio1.16
Cash Ratio1.02

Wuhannte Cableway Dividend FAQ

Does Wuhannte Cableway stock pay dividends?
Wuhannte Cableway does not currently pay dividends to its shareholders.
Has Wuhannte Cableway ever paid a dividend?
No, Wuhannte Cableway has no a history of paying dividends to its shareholders. Wuhannte Cableway is not known for its dividend payments.
Why doesn't Wuhannte Cableway pay dividends?
There are several potential reasons why Wuhannte Cableway 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 Wuhannte Cableway 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 Wuhannte Cableway 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 Wuhannte Cableway a dividend aristocrat?
Wuhannte Cableway 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 Wuhannte Cableway a dividend king?
Wuhannte Cableway 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 Wuhannte Cableway a dividend stock?
No, Wuhannte Cableway 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 Wuhannte Cableway stocks?
To buy Wuhannte Cableway 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 Wuhannte Cableway 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.