Gree Electric Appliances, of Zhuhai (000651.SZ) Dividends
Market Cap: $252.46B
Avg Volume: 45.99M
Industry: Furnishings, Fixtures & Appliances
Sector: Consumer Cyclical
Dividend Overview
Gree Electric Appliances, of Zhuhai (000651.SZ) pays a annual dividend to its shareholders. The current dividend yield is 6.13%, which means that for every $100 invested at the current price, investors would receive approximately $6.13 in dividends per year (this can change based on future dividend payments and price movements).
About 000651.SZ's Dividend
Gree Electric Appliances, of Zhuhai pays a annual dividend. The total annual dividend is approximately $2.38 per share, meaning for each share you own, you'll receive about $2.38 in dividends over the course of a year.
The most recent ex-dividend date was August 28, 2024. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Gree Electric Appliances, of Zhuhai's payout ratio is 0.47% which means that 0.47% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
Gree Electric Appliances, of Zhuhai's dividend has decreased by -1.69% over the past year. A decrease in dividends can occur for various reasons, including changes in financial situation or strategic priorities.
000651.SZ Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $2.38 | 6.13% | August 28, 2024 | August 27, 2024 | August 28, 2024 | |
| $1 | 5.41% | August 09, 2023 | August 08, 2023 | August 09, 2023 | |
| $1 | 8.52% | February 27, 2023 | February 24, 2023 | February 27, 2023 | |
| $2 | 9.76% | August 05, 2022 | August 04, 2022 | August 05, 2022 | |
| $1 | 3.10% | April 08, 2022 | April 07, 2022 | April 08, 2022 | |
| $3 | 6.67% | August 23, 2021 | August 20, 2021 | August 23, 2021 | |
| $1 | 1.51% | November 12, 2020 | November 11, 2020 | November 12, 2020 | |
| $1.2 | 2.04% | June 11, 2020 | June 10, 2020 | June 11, 2020 | |
| $1.5 | 2.95% | August 06, 2019 | August 05, 2019 | August 06, 2019 | |
| $0.6 | 1.30% | February 25, 2019 | February 22, 2019 | February 25, 2019 | |
| $1.8 | 4.58% | July 05, 2017 | July 04, 2017 | July 05, 2017 | |
| $1.5 | 7.70% | July 07, 2016 | |||
| $3 | 6.00% | July 03, 2015 | |||
| $1.5 | 5.09% | June 06, 2014 | |||
| $1 | 3.93% | July 11, 2013 | |||
| $0.5 | 2.33% | July 06, 2012 | |||
| $0.2985 | 1.39% | May 31, 2011 | |||
| $0.4974 | 2.52% | July 13, 2010 | |||
| $0.2985 | 1.03% | June 03, 2009 | |||
| $0.2985 | 0.87% | July 14, 2008 | |||
| $0.398 | 2.77% | July 11, 2006 | |||
| $0.3572 | 3.79% | April 08, 2005 | |||
| $0.3102 | 3.30% | June 30, 2004 | |||
| $0.3008 | 3.20% | June 27, 2003 | |||
| $0.282 | 3.00% | June 13, 2002 | |||
| $0.376 | 2.66% | June 05, 2001 | |||
| $0.376 | 2.66% | June 13, 2000 | |||
| $0.376 | 2.66% | June 21, 1999 | |||
| $0.94 | 3.33% | November 18, 1997 |
Dividend Growth
Gree Electric Appliances, of Zhuhai (000651.SZ) dividend payments have decreased -168.94% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for 000651.SZ
- Dividend Payout Ratio: 0.47% Low risk
- Dividend & Capex Coverage Ratio: 1.60x Strong coverage
- Dividend Frequency: Annual
- Recent Dividend Growth: -1.69% Negative
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Gree Electric Appliances, of Zhuhai's payout ratio is 0.47% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 1.60x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This strong ratio above 1.5x indicates Gree Electric Appliances, of Zhuhai can comfortably cover its dividends and necessary investments from its operating cash flow.
Gree Electric Appliances, of Zhuhai's dividend growth rate of -1.69% is negative, which may signal financial challenges or a shift in capital allocation priorities.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.