According to the announcement issued by Conch, the company will pay dividends on June 30, 2023. The ex-dividend date is June 2. On the ex-dividend date, the share price of listed companies will fall, and the amount of this loss will be converted into interest cash and sent to shareholders' accounts. In other words, dividends mean that shareholders' positions change from all positive shares to all positive shares (the price falls)+cash interest (the amount is the part of the decline of positive shares).
Cash will be deposited into the shareholders' account on the delivery date. Dividend is the interest paid by listed companies to shareholders, which is cash. After the settlement on the day before the ex-dividend date, customers who hold shares of listed companies will participate in dividends.
Conch's main business
Anhui Conch Co., Ltd. is mainly engaged in the production and sales of cement, commercial clinker, aggregate and concrete. The main types of cement are 42.5 grade cement, 32.5R grade cement and 52.5 grade cement. Products are widely used in national large-scale infrastructure construction projects such as railways, highways, airports and water conservancy projects, as well as urban real estate, cement products and rural markets.
The company has abundant high-quality limestone mine resources in East China and South China, and all the production adopts new dry rotary kiln technology. Conch brand high-grade cement and commercial clinker are the leading products of the company. Conch trademark was recognized as a well-known trademark by the State Trademark Office, and Conch brand cement was approved as an inspection-free product by the General Administration of Quality Supervision, Inspection and Quarantine.
The above contents refer to Conch-Anhui Conch Co., Ltd.