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The latest update is out from Sinopec Shanghai Petrochemical Co ( (HK:0338) ).
Sinopec Shanghai Petrochemical Company Limited has announced a final cash dividend of RMB 0.02 per share for the financial year ending December 31, 2024. The dividend will be approved by shareholders on June 11, 2025, and paid on July 24, 2025. The announcement includes details on withholding tax rates applicable to non-resident shareholders, with a standard rate of 10% for both enterprise and individual non-residents. This dividend declaration reflects the company’s commitment to returning value to its shareholders and may influence investor sentiment positively.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$3.70 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
More about Sinopec Shanghai Petrochemical Co
Sinopec Shanghai Petrochemical Co. is a major player in the petrochemical industry, primarily focusing on the production and distribution of refined oil products, petrochemicals, and synthetic fibers. The company is part of the larger Sinopec Group, which is one of the largest integrated energy and chemical companies in China, with a significant market presence both domestically and internationally.
Average Trading Volume: 14,163,417
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.69B
For a thorough assessment of 0338 stock, go to TipRanks’ Stock Analysis page.