Zhejiang Expressway Co., Ltd., an investment holding company, invests, develops, operates, maintains, and manages roads in the People's Republic of China. It operates through Toll Operation, Securities Operation, and Others segments. The Toll Operation segment operates and manages high grade roads; and collects expressway tolls. The Securities Operation segment offers securities and future broking, margin financing and securities lending, securities underwriting and sponsorship, asset management, advisory, and proprietary trading services. The Others segment engages in hotel operation, high grade road construction, investment in other financial institutions, and other ancillary activities. The company also offers vehicle towing, repair and emergency, and rescue services. Zhejiang Expressway Co., Ltd. was incorporated in 1997 and is based in Hangzhou, the People's Republic of China. Zhejiang Expressway Co., Ltd. is a subsidiary of Zhejiang Communications Investment Group Co., Ltd.
Zhejiang Expressway Dividend Announcement
• Zhejiang Expressway announced a annually dividend of $0.05 per ordinary share which will be made payable on 2024-07-05. Ex dividend date: 2024-05-10
• Zhejiang Expressway annual dividend for 2024 was $0.05
• Zhejiang Expressway annual dividend for 2023 was $0.05
• Zhejiang Expressway's trailing twelve-month (TTM) dividend yield is 6.63%
• Zhejiang Expressway's payout ratio for the trailing twelve months (TTM) is 70.96%
• Zhejiang Expressway's dividend growth over the last five years (2018-2023) was -31.03% year
• Zhejiang Expressway's dividend growth over the last ten years (2013-2023) was -15.76% year
Zhejiang Expressway Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-10 | $0.05 | annually | 2024-07-05 |
2023-05-08 | $0.05 | annually | 2023-06-16 |
2022-07-05 | $0.06 | annually | 2022-07-28 |
2021-04-23 | $0.05 | annually | 2021-06-30 |
2020-05-19 | $0.05 | annually | 2020-06-30 |
2019-06-04 | $0.05 | annually | 2019-07-05 |
2018-08-29 | $0.30 | annually | |
2018-07-05 | $0.05 | annually | 2018-08-21 |
2017-12-20 | $0.01 | annually | 2018-01-19 |
2017-05-22 | $0.04 | annually | 2017-06-26 |
2016-12-30 | $0.07 | annually | |
2016-05-10 | $0.04 | annually | |
2015-10-19 | $0.01 | annually | |
2015-06-22 | $0.04 | annually | |
2014-10-20 | $0.01 | annually | |
2014-05-08 | $0.04 | annually | |
2013-10-21 | $0.06 | annually | |
2013-06-25 | $0.24 | annually |
Zhejiang Expressway Dividend per year
Zhejiang Expressway Dividend growth
Zhejiang Expressway Dividend Yield
Zhejiang Expressway current trailing twelve-month (TTM) dividend yield is 6.63%. Interested in purchasing Zhejiang Expressway stock? Use our calculator to estimate your expected dividend yield:
Zhejiang Expressway Financial Ratios
Zhejiang Expressway Dividend FAQ
Other factors to consider when evaluating Zhejiang Expressway 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: Zhejiang Expressway'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, Zhejiang Expressway 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, Zhejiang Expressway 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 Zhejiang Expressway 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: Zhejiang Expressway 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, Zhejiang Expressway distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Zhejiang Expressway 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 Zhejiang Expressway'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 Zhejiang Expressway'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.