Zhongsheng Group Holdings Limited, an investment holding company, engages in the sale and service of motor vehicles. The company operates 4S dealerships for various automobile brands consisting of luxury automobile brands, including Mercedes-Benz, Lexus, Audi, Jaguar, Land Rover, Porsche, and Volvo; and mid-to-high end automobile brands, such as Toyota and Nissan. It also provides spare parts, automobile accessories, repair and maintenance services, detailing services, and other automobile-related products and services. As of December 31, 2021, the company had 412 automobile dealerships that include 254 luxury brand dealerships and 158 mid-to-high-end brand dealerships covering 25 provinces, municipalities, and autonomous regions, and approximately 110 cities in the People's Republic of China. Zhongsheng Group Holdings Limited was founded in 1998 and is headquartered in Dalian, the People's Republic of China.
Zhongsheng Dividend Announcement
• Zhongsheng announced a annually dividend of $1.02 per ordinary share which will be made payable on 2024-07-29. Ex dividend date: 2024-06-27
• Zhongsheng annual dividend for 2024 was $1.02
• Zhongsheng annual dividend for 2023 was $1.39
• Zhongsheng's trailing twelve-month (TTM) dividend yield is 6.84%
• Zhongsheng's payout ratio for the trailing twelve months (TTM) is 35.26%
• Zhongsheng's dividend growth over the last five years (2018-2023) was 24.86% year
Zhongsheng Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-27 | $1.02 | annually | 2024-07-29 |
2023-06-22 | $1.39 | annually | 2023-07-31 |
2022-06-17 | $1.07 | annually | 2022-07-25 |
2021-06-21 | $0.75 | annually | 2021-07-27 |
2020-06-11 | $0.58 | annually | 2020-07-27 |
2019-06-11 | $0.47 | annually | 2019-07-23 |
2018-06-12 | $0.46 | annually | 2018-07-23 |
2017-06-12 | $0.38 | annually | 2017-07-25 |
2016-06-17 | $0.06 | annually | |
2015-06-16 | $0.12 | annually | |
2014-06-20 | $0.14 | annually |
Zhongsheng Dividend per year
Zhongsheng Dividend growth
Zhongsheng Dividend Yield
Zhongsheng current trailing twelve-month (TTM) dividend yield is 6.84%. Interested in purchasing Zhongsheng stock? Use our calculator to estimate your expected dividend yield:
Zhongsheng Financial Ratios
Zhongsheng Dividend FAQ
Other factors to consider when evaluating Zhongsheng 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: Zhongsheng'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, Zhongsheng 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, Zhongsheng 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 Zhongsheng 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: Zhongsheng 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, Zhongsheng distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Zhongsheng 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 Zhongsheng'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 Zhongsheng'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.