Policy and Guiding Principles:
China Banking Corporation, as a matter of policy, will declare cash dividends at a payout ratio of at least thirty percent of the Net income of the prior year, subject to the conditions and limitations set forth in this policy statement.
The Bank’s Dividend Policy is an integral component of its Capital Management Policy and Process rather than a stand-alone process. Its fundamental and overriding philosophy is sustainability.
Dividend pay-outs are reviewed annually. These are referenced against the Bank’s Capital Management Process. Based on the Capital Management Process, dividend pay-outs are calibrated based on the prior year’s earnings while taking consideration dividend yields, future earnings streams and future business opportunities.
In declaring dividend pay-outs, China Banking Corporation uses a combination of cash or stock dividends as follows:
China Banking Corporation capital management philosophy and process, and consequently its Dividend Policy which comprises an integral component of this undertaking, is driven by the following primary objectives:
China Banking Corporation manages its capital structure and makes adjustments to it in the light of:
Management of and adjustments to the capital structure are accomplished through the following principal means:
Capital Management broadly follows the process outlined below:
2020 Declaration of Cash Dividend
2019 Declaration of Cash Dividend
2018 Declaration of Cash Dividend
2017 Declaration of Cash Dividend