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The latest announcement is out from Dongfang Electric ( (HK:1072) ).
Dongfang Electric Corporation Limited has announced an update to its proposed final dividend for the year ended December 31, 2024. Due to an increase in the total number of shares from 3,117,482,123 to 3,390,360,326, the dividend per share has been adjusted to RMB 4.03 per 10 shares, while the total distribution remains unchanged. This proposal is subject to approval at the annual general meeting and, if approved, is expected to be paid before August 31, 2025. The adjustment reflects the company’s commitment to maintaining shareholder value despite changes in share capital.
More about Dongfang Electric
Dongfang Electric Corporation Limited operates in the manufacturing industry, primarily focusing on the production of power generation equipment. The company is a key player in the energy sector, providing essential services and products to support power generation and distribution.
YTD Price Performance: 2.00%
Technical Sentiment Signal: Sell
Current Market Cap: $6.76B
Learn more about 1072 stock on TipRanks’ Stock Analysis page.