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Dongfang Electric ( (HK:1072) ) has provided an update.
Dongfang Electric Corporation Limited announced an update to its final cash dividend for the year ended December 31, 2024, with a declared dividend of RMB 4.03 per 10 shares, payable in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.094123. The payment date is set for August 22, 2025, and the announcement includes details on withholding tax rates for non-resident shareholders, which are set at 10% for most, but 20% for residents of countries without a tax treaty with China. This update reflects the company’s commitment to shareholder returns and may impact its attractiveness to international investors due to the specified tax implications.
The most recent analyst rating on (HK:1072) stock is a Hold with a HK$12.30 price target. To see the full list of analyst forecasts on Dongfang Electric stock, see the HK:1072 Stock Forecast page.
More about Dongfang Electric
Dongfang Electric Corporation Limited operates in the energy equipment manufacturing industry, focusing on the production of power generation equipment and services. The company is a significant player in the market, providing solutions for thermal, hydro, nuclear, wind, and solar power generation.
Average Trading Volume: 4,461,185
Technical Sentiment Signal: Buy
Current Market Cap: HK$58.17B
See more data about 1072 stock on TipRanks’ Stock Analysis page.