tiprankstipranks
Trending News
More News >

CNOOC Limited Proposes 2024 Final Dividend with Tax Implications for Non-Resident Enterprises

Story Highlights

CNOOC Limited ( (HK:0883) ) has provided an update.

CNOOC Limited has announced the proposal to distribute a final dividend of HK $0.66 per share for the financial year ending December 31, 2024, subject to approval at the annual general meeting on June 5, 2025. The company will withhold a 10% enterprise income tax for non-resident enterprises on the dividend distribution, impacting stakeholders holding Hong Kong Shares, while individual shareholders will not be subject to this withholding tax.

More about CNOOC Limited

CNOOC Limited is a major player in the oil and gas industry, primarily engaged in the exploration, development, and production of crude oil and natural gas. The company is focused on expanding its operations and maintaining a strong market presence in the energy sector.

YTD Price Performance: -11.51%

Average Trading Volume: 106,561,564

Technical Sentiment Signal: Buy

Current Market Cap: HK$832.3B

Find detailed analytics on 0883 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App