China Petroleum & Chemical (HK:0386) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
China Petroleum & Chemical Corporation has announced a Dividend Distribution and Return Plan for its shareholders for the years 2024-2026, aiming to distribute not less than 65% of its net profits in cash, subject to positive net and accumulated profits, and sufficient cash flow. The plan is contingent on shareholder approval at the general meeting and may be adjusted in exceptional circumstances such as natural disasters or significant operational changes. This initiative underscores the company’s commitment to enhancing shareholder value through consistent dividend payouts.
For further insights into HK:0386 stock, check out TipRanks’ Stock Analysis page.
