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Anhui Tuoshan Heavy Industry Co., Ltd. engages in the research design, production, sale, and service of construction machinery parts and accessories. It offers forging track and pin series, forging bucket tooth series, forging gear seat series, gear block series, and track rollers; steering clutch and brake assembly products; tensioning devices; sleeve and shaft series, wheel and hydraulic series; and transmission parts. The company was founded in 1989 and is based in Xuancheng, China.

Anhui Tuoshan Heavy Industry Dividend Announcement

Anhui Tuoshan Heavy Industry announced a annually dividend of ¥0.40 per ordinary share which will be made payable on 2023-11-30. Ex dividend date: 2023-11-30
Anhui Tuoshan Heavy Industry annual dividend for 2023 was ¥0.40
Anhui Tuoshan Heavy Industry's trailing twelve-month (TTM) dividend yield is 1.65%
Anhui Tuoshan Heavy Industry's payout ratio for the trailing twelve months (TTM) is 491.28%

Anhui Tuoshan Heavy Industry Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-11-30¥0.40annually2023-11-30
2022-10-18¥0.54annually2022-10-18

Anhui Tuoshan Heavy Industry Dividend per year

Anhui Tuoshan Heavy Industry Dividend Yield

Anhui Tuoshan Heavy Industry current trailing twelve-month (TTM) dividend yield is 1.65%. Interested in purchasing Anhui Tuoshan Heavy Industry stock? Use our calculator to estimate your expected dividend yield:

Anhui Tuoshan Heavy Industry Financial Ratios

P/E ratio253.71
PEG ratio7.21
P/B ratio2.46
ROE0.98%
Payout ratio491.28%
Current ratio2.72
Quick ratio2.41
Cash Ratio0.32

Anhui Tuoshan Heavy Industry Dividend FAQ

Does Anhui Tuoshan Heavy Industry stock pay dividends?
Anhui Tuoshan Heavy Industry does not currently pay dividends to its shareholders.
Has Anhui Tuoshan Heavy Industry ever paid a dividend?
No, Anhui Tuoshan Heavy Industry has no a history of paying dividends to its shareholders. Anhui Tuoshan Heavy Industry is not known for its dividend payments.
Why doesn't Anhui Tuoshan Heavy Industry pay dividends?
There are several potential reasons why Anhui Tuoshan Heavy Industry would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Anhui Tuoshan Heavy Industry ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Anhui Tuoshan Heavy Industry has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Anhui Tuoshan Heavy Industry a dividend aristocrat?
Anhui Tuoshan Heavy Industry is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Anhui Tuoshan Heavy Industry a dividend king?
Anhui Tuoshan Heavy Industry is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Anhui Tuoshan Heavy Industry a dividend stock?
No, Anhui Tuoshan Heavy Industry is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Anhui Tuoshan Heavy Industry stocks?
To buy Anhui Tuoshan Heavy Industry you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Anhui Tuoshan Heavy Industry stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.