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Beijing Tongyizhong New Material Technology Corporation engages in the research and development, production, and sale of UHMWPE fibers and its composite materials in China. The company provides HMPE fibers for ropes/nets, gloves, ballistics, cut-resistant, fishing lines, and pre-dyed. It also offers soft and hard ballistic, cut and stab resistant, and ballistic and stab resistant fabrics. In addition, it provides protective products, such as ballistic helmets and plates, vehicle armors, ballistic shields, explosion proof blankets, and body armors; cut-resistance bags, cool-feeling fabrics, high-performance ropes, fishery products, and cut-resistant clothes. The company was incorporated in 1999 and is based in Beijing, China.

Beijing Tongyizhong New Material Technology Dividend Announcement

• Beijing Tongyizhong New Material Technology announced a annually dividend of ¥0.09 per ordinary share which will be made payable on 2024-05-27. Ex dividend date: 2024-05-27
• Beijing Tongyizhong New Material Technology annual dividend for 2024 was ¥0.09
• Beijing Tongyizhong New Material Technology annual dividend for 2023 was ¥0.45
• Beijing Tongyizhong New Material Technology's trailing twelve-month (TTM) dividend yield is 0.63%
• Beijing Tongyizhong New Material Technology's payout ratio for the trailing twelve months (TTM) is 21.24%

Beijing Tongyizhong New Material Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-27¥0.09annually2024-05-27
2023-08-11¥0.45annually2023-08-11

Beijing Tongyizhong New Material Technology Dividend per year

Beijing Tongyizhong New Material Technology Dividend Yield

Beijing Tongyizhong New Material Technology current trailing twelve-month (TTM) dividend yield is 0.63%. Interested in purchasing Beijing Tongyizhong New Material Technology stock? Use our calculator to estimate your expected dividend yield:

Beijing Tongyizhong New Material Technology Financial Ratios

P/E ratio32.36
PEG ratio0.31
P/B ratio2.57
ROE8.17%
Payout ratio21.24%
Current ratio5.48
Quick ratio3.90
Cash Ratio3.39

Beijing Tongyizhong New Material Technology Dividend FAQ

Does Beijing Tongyizhong New Material Technology stock pay dividends?
Beijing Tongyizhong New Material Technology does not currently pay dividends to its shareholders.
Has Beijing Tongyizhong New Material Technology ever paid a dividend?
No, Beijing Tongyizhong New Material Technology has no a history of paying dividends to its shareholders. Beijing Tongyizhong New Material Technology is not known for its dividend payments.
Why doesn't Beijing Tongyizhong New Material Technology pay dividends?
There are several potential reasons why Beijing Tongyizhong New Material Technology 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 Beijing Tongyizhong New Material Technology 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 Beijing Tongyizhong New Material Technology 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 Beijing Tongyizhong New Material Technology a dividend aristocrat?
Beijing Tongyizhong New Material Technology 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 Beijing Tongyizhong New Material Technology a dividend king?
Beijing Tongyizhong New Material Technology 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 Beijing Tongyizhong New Material Technology a dividend stock?
No, Beijing Tongyizhong New Material Technology 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 Beijing Tongyizhong New Material Technology stocks?
To buy Beijing Tongyizhong New Material Technology 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 Beijing Tongyizhong New Material Technology 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.