Cangzhou Mingzhu Plastic Co., Ltd. engages in the manufacture and sale of pipeline systems in China and internationally. It offers PE gas and water supply pipes and PE nuclear power pipes; biaxially-oriented polyamide (BOPA) films; composite piping systems; and lithium-ion battery separators. The company was founded in 1995 and is headquartered in Cangzhou, China.
Cangzhou Mingzhu Plastic Dividend Announcement
• Cangzhou Mingzhu Plastic announced a annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-05-27. Ex dividend date: 2024-05-27 • Cangzhou Mingzhu Plastic annual dividend for 2024 was ¥0.10 • Cangzhou Mingzhu Plastic annual dividend for 2023 was ¥0.10 • Cangzhou Mingzhu Plastic's trailing twelve-month (TTM) dividend yield is 2.51% • Cangzhou Mingzhu Plastic's payout ratio for the trailing twelve months (TTM) is 216.25% • Cangzhou Mingzhu Plastic's dividend growth over the last five years (2018-2023) was -12.94% year • Cangzhou Mingzhu Plastic's dividend growth over the last ten years (2013-2023) was -5.71% year
Cangzhou Mingzhu Plastic current trailing twelve-month (TTM) dividend yield is 2.51%. Interested in purchasing Cangzhou Mingzhu Plastic stock? Use our calculator to estimate your expected dividend yield:
Cangzhou Mingzhu Plastic Financial Ratios
P/E ratio40.65
PEG ratio-15.78
P/B ratio1.35
ROE3.29%
Payout ratio216.25%
Current ratio1.92
Quick ratio1.54
Cash Ratio0.50
Cangzhou Mingzhu Plastic Dividend FAQ
How much is the next Cangzhou Mingzhu Plastic dividend?
Cangzhou Mingzhu Plastic's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Cangzhou Mingzhu Plastic dividend. The next Cangzhou Mingzhu Plastic dividend will be released in May.
When is Cangzhou Mingzhu Plastic dividend paid?
Cangzhou Mingzhu Plastic pays dividends on a annually basis. The specific dates may vary each year but are generally around May. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Cangzhou Mingzhu Plastic pay?
The specific amount of Cangzhou Mingzhu Plastic dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Cangzhou Mingzhu Plastic's dividend history.
Does Cangzhou Mingzhu Plastic stock pay dividends?
Yes, Cangzhou Mingzhu Plastic does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Cangzhou Mingzhu Plastic's dividend history.
How much dividend does Cangzhou Mingzhu Plastic pay?
Cangzhou Mingzhu Plastic paid ¥0.1 in 2024, ¥0.1 in 2023, ¥0.05 in 2022, ¥0.1 in 2021, and ¥0.05 in 2020.
How often does Cangzhou Mingzhu Plastic pay dividends?
Cangzhou Mingzhu Plastic typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around May.
What is Cangzhou Mingzhu Plastic's dividend yield?
The current dividend yield for Cangzhou Mingzhu Plastic is 2.51%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Cangzhou Mingzhu Plastic's exact dividend yield.
When does Cangzhou Mingzhu Plastic go ex dividend?
Cangzhou Mingzhu Plastic's ex-dividend date for the latest dividend was on 2024-05-27. Cangzhou Mingzhu Plastic typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Cangzhou Mingzhu Plastic dividend paid?
Cangzhou Mingzhu Plastic pays dividends on a annually basis, typically around May, but the exact dates can vary each year.
Will Cangzhou Mingzhu Plastic increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Cangzhou Mingzhu Plastic will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Cangzhou Mingzhu Plastic dividend per share?
Cangzhou Mingzhu Plastic paid ¥0.1 per share in 2024 and ¥0.1 per share in 2023. The amount of dividend per share that Cangzhou Mingzhu Plastic pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Cangzhou Mingzhu Plastic a dividend aristocrat?
No, 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 Cangzhou Mingzhu Plastic a dividend king?
No, 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 Cangzhou Mingzhu Plastic a dividend stock?
Yes, Cangzhou Mingzhu Plastic is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Cangzhou Mingzhu Plastic a good dividend stock?
Whether Cangzhou Mingzhu Plastic is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Cangzhou Mingzhu Plastic has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Cangzhou Mingzhu Plastic as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Cangzhou Mingzhu Plastic pay dividends monthly?
Cangzhou Mingzhu Plastic typically pays dividends on a annually basis.
Does Cangzhou Mingzhu Plastic pay dividends quarterly?
Cangzhou Mingzhu Plastic currently pays dividends on a annually basis.
Has Cangzhou Mingzhu Plastic ever paid a dividend?
Yes, Cangzhou Mingzhu Plastic has a history of paying dividends to its shareholders. Cangzhou Mingzhu Plastic is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Cangzhou Mingzhu Plastic dividend stocks?
To buy Cangzhou Mingzhu Plastic 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Cangzhou Mingzhu Plastic 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.
When does Cangzhou Mingzhu Plastic pay dividends 2024?
Cangzhou Mingzhu Plastic pays dividends on a annually basis. 2024 dividend payments are in 2024-05-27. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Cangzhou Mingzhu Plastic increase its dividend in 2024?
Decisions regarding Cangzhou Mingzhu Plastic dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Cangzhou Mingzhu Plastic dividend overview you can look into the above table of dividend history.
How Cangzhou Mingzhu Plastic dividend works?
The Cangzhou Mingzhu Plastic dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Cangzhou Mingzhu Plastic's dividend process works:
1. Determination of Dividend: Cangzhou Mingzhu Plastic's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Cangzhou Mingzhu Plastic publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Cangzhou Mingzhu Plastic distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Cangzhou Mingzhu Plastic are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Cangzhou Mingzhu Plastic dividends paid?
Cangzhou Mingzhu Plastic dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Cangzhou Mingzhu Plastic sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Cangzhou Mingzhu Plastic distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cangzhou Mingzhu Plastic declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Cangzhou Mingzhu Plastic pay dividends?
Cangzhou Mingzhu Plastic typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Cangzhou Mingzhu Plastic pay dividends?
The general pattern is that Cangzhou Mingzhu Plastic pays dividends around May. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Cangzhou Mingzhu Plastic dividend safe?
The safety of Cangzhou Mingzhu Plastic's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Cangzhou Mingzhu Plastic's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Cangzhou Mingzhu Plastic's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.