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Baosteel announces 2024-2026 dividend plan

April 8, 2025 at 05:13 PM UTCBy FilingReader AI

Baosteel Co., Ltd. (SSE:600019) has announced its dividend plan for the years 2024-2026, following a board meeting held on April 8, 2025. The plan proposes a minimum cash dividend of CNY 0.20 per share for each of the fiscal years 2024, 2025 and 2026, subject to shareholder approval at the Annual General Meetings. This initiative aims to provide investors with a guaranteed minimum return while retaining the potential for higher proportional dividends. The company reaffirmed its existing policy of distributing no less than 50% of the net profit attributable to the parent company as cash dividends. The board believes this strategy will enhance investor confidence while ensuring strategic flexibility.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600019Shanghai Stock Exchange
Shanghai Blue ChipSteel

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