Zhongman Petroleum and Natural Gas Group Corp., Ltd., an oil and gas company, engages in the drilling engineering contractor and petroleum equipment manufacture businesses. The company offers drilling and drilling completion package, oil and gas exploration and development, geological exploration project, international trade, drilling engineering and technology, and vehicle natural gas installation and technical services. It is also involved in the provision of services for the sets of drilling rigs, rig parts, and special vehicles, including pre-delivery training, delivery post-training and technical, station-based spare parts support, drilling team formation, training, technical consultation services, etc.; and intimate services, such as assembly commissioning, technical guidance, user training, use security, maintenance, repair, and other services, as well as manufactures oil rig and equipment. The company operates sales and service networks in various oil fields in China, the Middle East, and Central Asia. Zhongman Petroleum and Natural Gas Group Corp., Ltd. is headquartered in Shanghai, China.
Zhongman Petroleum and Natural Gas Dividend Announcement
• Zhongman Petroleum and Natural Gas announced a semi annually dividend of ¥0.43 per ordinary share which will be made payable on 2024-10-09. Ex dividend date: 2024-10-09
• Zhongman Petroleum and Natural Gas annual dividend for 2024 was ¥1.05
• Zhongman Petroleum and Natural Gas annual dividend for 2023 was ¥0.25
• Zhongman Petroleum and Natural Gas's trailing twelve-month (TTM) dividend yield is 4.99%
• Zhongman Petroleum and Natural Gas's payout ratio for the trailing twelve months (TTM) is 76.57%
Zhongman Petroleum and Natural Gas Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-09 | ¥0.43 | semi annually | 2024-10-09 |
2024-06-07 | ¥0.62 | semi annually | 2024-06-07 |
2023-06-15 | ¥0.25 | semi annually | 2023-06-15 |
2022-10-31 | ¥0.10 | semi annually | 2022-10-31 |
2022-07-08 | ¥0.10 | semi annually | 2022-07-08 |
2019-08-19 | ¥0.02 | semi annually | 2019-08-19 |
2018-07-16 | ¥0.30 | semi annually | 2018-07-16 |
Zhongman Petroleum and Natural Gas Dividend per year
Zhongman Petroleum and Natural Gas Dividend growth
Zhongman Petroleum and Natural Gas Dividend Yield
Zhongman Petroleum and Natural Gas current trailing twelve-month (TTM) dividend yield is 4.99%. Interested in purchasing Zhongman Petroleum and Natural Gas stock? Use our calculator to estimate your expected dividend yield:
Zhongman Petroleum and Natural Gas Financial Ratios
Zhongman Petroleum and Natural Gas Dividend FAQ
Other factors to consider when evaluating Zhongman Petroleum and Natural Gas 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: Zhongman Petroleum and Natural Gas'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, Zhongman Petroleum and Natural Gas 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, Zhongman Petroleum and Natural Gas 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 Zhongman Petroleum and Natural Gas 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: Zhongman Petroleum and Natural Gas 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, Zhongman Petroleum and Natural Gas distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Zhongman Petroleum and Natural Gas 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 Zhongman Petroleum and Natural Gas'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 Zhongman Petroleum and Natural Gas'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.