Zhuzhou CRRC Times Electric Co., Ltd., together with its subsidiaries, engages in the research, development, design, manufacture, and sale of railway transportation equipment products, and provision of relevant services primarily in Mainland China and internationally. The company's products include traction converter systems of rail transit vehicles, railway engineering machinery, and communication signal systems. It also produces propulsion and control systems for trains and electric vehicles, signaling systems, power supply solutions, platform screen doors, rail maintenance vehicles, marine engineering equipment, and component products for various applications. The company's products for rolling stock and railways include EMU, locomotive, and mass transit systems; and components products consist of semiconductors, resistors, reactors, radiators, sensors, power capacitors, and heatsinks. Its energy and industrial products comprise marine engineering, electric vehicle, and inverter and converter systems, as well as provides railway maintenance and construction machines. The company was formerly known as Zhuzhou CSR Times Electric Co., Ltd. and changed its name to Zhuzhou CRRC Times Electric Co., Ltd. in March 2016. The company was incorporated in 2005 and is based in Wanchai, Hong Kong. Zhuzhou CRRC Times Electric Co., Ltd. is a subsidiary of CRRC Zhuzhou Institute Co., Ltd.
Zhuzhou CRRC Times Electric Dividend Announcement
• Zhuzhou CRRC Times Electric announced a annually dividend of $0.55 per ordinary share which will be made payable on 2024-08-23. Ex dividend date: 2024-07-03
• Zhuzhou CRRC Times Electric annual dividend for 2024 was $0.55
• Zhuzhou CRRC Times Electric annual dividend for 2023 was $0.38
• Zhuzhou CRRC Times Electric's trailing twelve-month (TTM) dividend yield is 3.29%
• Zhuzhou CRRC Times Electric's payout ratio for the trailing twelve months (TTM) is 22.70%
• Zhuzhou CRRC Times Electric's dividend growth over the last five years (2018-2023) was 1.80% year
Zhuzhou CRRC Times Electric Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-03 | $0.55 | annually | 2024-08-23 |
2023-06-28 | $0.38 | annually | 2023-08-23 |
2022-06-17 | $0.33 | annually | 2022-08-08 |
2021-11-09 | $0.35 | annually | 2022-01-03 |
2020-06-26 | $0.32 | annually | 2020-08-24 |
2019-06-21 | $0.33 | annually | 2019-08-21 |
2018-06-11 | $0.35 | annually | 2018-08-09 |
2016-06-23 | $0.34 | annually |
Zhuzhou CRRC Times Electric Dividend per year
Zhuzhou CRRC Times Electric Dividend growth
Zhuzhou CRRC Times Electric Dividend Yield
Zhuzhou CRRC Times Electric current trailing twelve-month (TTM) dividend yield is 3.29%. Interested in purchasing Zhuzhou CRRC Times Electric stock? Use our calculator to estimate your expected dividend yield:
Zhuzhou CRRC Times Electric Financial Ratios
Zhuzhou CRRC Times Electric Dividend FAQ
Other factors to consider when evaluating Zhuzhou CRRC Times Electric 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: Zhuzhou CRRC Times Electric'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, Zhuzhou CRRC Times Electric 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, Zhuzhou CRRC Times Electric 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 Zhuzhou CRRC Times Electric 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: Zhuzhou CRRC Times Electric 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, Zhuzhou CRRC Times Electric distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Zhuzhou CRRC Times Electric 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 Zhuzhou CRRC Times Electric'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 Zhuzhou CRRC Times Electric'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.