Maanshan Iron & Steel dividend yield – Maanshan Iron & Steel Co Ltd Announces 0.02 Cash Dividend

🌥️Dividends Yield

Maanshan Iron & Steel ($SEHK:00323) Co Ltd announced on June 1, 2023 the issuance of a 0.02 CNY cash dividend per share. MAANSHAN IRON & STEEL had an impressive track record of dividend income in the previous three years, with 0.35 CNY, 0.35 CNY, and 0.13 CNY dividends declared in 2021, 2022, and 2023 respectively. This corresponded to yields of 13.01%, 13.01%, and 6.12% respectively, giving an average yield of 10.71%. As MAANSHAN IRON & STEEL continues to remain profitable, dividend investors may want to consider the company as an option.

The ex-dividend date for this dividend is set for June 21, 2023. Potential investors should ensure that they purchase the stock before then in order to be eligible to receive the dividend payment.

Market Price

The stock opened at HK$1.5 and closed at HK$1.4, down 2.1% from prior closing price of 1.4. This cash dividend is an incentive for investors as it offers them a return on their investment. The timing of the announcement is beneficial for investors who have held the stock for some time, as they have already seen the stock’s price drop from the open to the close. The cash dividend also serves as a reminder of MAANSHAN’s commitment to its shareholders.

It serves to further bolster investor confidence in the company and provide assurance that their investments are safe. The dividend payout is especially attractive for investors who hold long positions in MAANSHAN stock. It provides them with an additional form of return on their investments, beyond the potential capital gains from future appreciation of the stock price. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Maanshan Iron & Steel. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Maanshan Iron & Steel. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Maanshan Iron & Steel. More…

Key Ratios Snapshot

Some of the financial key ratios for Maanshan Iron & Steel are shown below. More…

Analysis

GoodWhale conducted an analysis of MAANSHAN IRON & STEEL’s wellbeing and found that the company has an intermediate health score of 6/10 considering its cashflows and debt. We believe that MAANSHAN IRON & STEEL is likely to pay off debt and fund future operations. Further, we have classified MAANSHAN IRON & STEEL as a “cow”, a type of company we conclude that has the track record of paying out consistent and sustainable dividends. MAANSHAN IRON & STEEL is strong in dividend, and medium in asset, growth, and profitability. Given its status as a “cow”, we believe MAANSHAN IRON & STEEL is an attractive investment prospect for those looking for long-term sustainable returns in the form of dividends. The company is a great pick for investors who have a low-risk appetite and prefer to remain invested in one company for a longer period of time. More…

Summary

Investing in Maanshan Iron & Steel can provide investors with steady returns over the past 3 years, with a dividend yield of 13.01%, 13.01%, and 6.12% in 2021, 2022, and 2023 respectively. On average, the company has provided an annual yield of 10.71%. This makes Maanshan Iron & Steel a reliable investment option for those looking for consistent returns and minimal risk.

Furthermore, the company has a strong track record of providing dividends, making it a worthwhile option for those who prefer a regular income. With its consistent performance, Maanshan Iron & Steel is a wise investment choice for those looking for long-term reward.