Dongfang Electric Proposes Final Dividend for 2024

Dongfang Electric ( (HK:1072) ) has shared an announcement.

Dongfang Electric Corporation Limited has announced a proposed final cash dividend for the financial year ending December 31, 2024, at RMB 4.03 per 10 shares. This proposal is subject to approval at the annual general meeting scheduled for June 24, 2025, with the payment expected before August 31, 2025. The dividend reflects an adjustment due to an increase in the company’s total share capital, ensuring the total distribution remains unchanged. This announcement indicates the company’s stable financial performance and commitment to returning value to its shareholders.

The most recent analyst rating on (HK:1072) stock is a Buy with a HK$14.10 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, primarily focusing on the production of power generation equipment and providing services related to energy solutions. The company is a significant player in the market, catering to both domestic and international clients with a range of products that include thermal, nuclear, hydro, and wind power equipment.

Average Trading Volume: 4,221,552

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$56.6B

For a thorough assessment of 1072 stock, go to TipRanks’ Stock Analysis page.