New China Life Insurance Co., Ltd. Class H (HK:1336) has announced an update regarding its final cash dividend for the fiscal year ending December 31, 2024. The company has declared a dividend of RMB 1.99 per share, which will be paid out in Hong Kong dollars. The exchange rate for conversion is set at RMB 1 to HKD 1.09524227, resulting in a payout of HKD 2.17953211 per share.
The announcement also includes important information regarding withholding tax rates for non-resident shareholders. These rates vary based on the shareholder’s country of domicile and the existing tax treaties between their country and China. This update is significant for the company’s financial distribution strategy and provides clarity to stakeholders regarding their tax obligations and dividend entitlements.
Recent analyst ratings have given (HK:1336) stock a Hold rating, with a price target of HK$26.50. For a comprehensive list of analyst forecasts on New China Life Insurance Co., Ltd. Class H stock, visit the HK:1336 Stock Forecast page.
New China Life Insurance Co., Ltd. is a major player in the insurance industry, primarily offering life insurance products and services. The company focuses on providing comprehensive insurance solutions to its clients, leveraging its strong presence in the Chinese market.
Key statistics for the stock include:
- Average Trading Volume: 20,017,192
- Technical Sentiment Signal: Buy
- Current Market Cap: HK$184.4B
For a detailed analysis of 1336 stock, visit TipRanks’ Overview page.
