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CareRay Digital Medical Technology Co., Ltd. develops and produces digital X-ray flat panel detectors. The company offers wireless, wired, dynamic and breast flat panel, and industrial flat panel detectors, as well as accessories and tablet cases. Its products are used in medical, pet, security, and industrial imaging diagnostic products. The company was founded in 2007 and is headquartered in Suzhou, China.

CareRay Digital Medical Technology Dividend Announcement

CareRay Digital Medical Technology announced a annually dividend of ¥0.05 per ordinary share which will be made payable on 2024-06-17. Ex dividend date: 2024-06-17
CareRay Digital Medical Technology annual dividend for 2024 was ¥0.05
CareRay Digital Medical Technology's trailing twelve-month (TTM) dividend yield is 0.34%
CareRay Digital Medical Technology's payout ratio for the trailing twelve months (TTM) is 21.18%

CareRay Digital Medical Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-17¥0.05annually2024-06-17
2022-06-24¥0.29annually2022-06-24
2021-07-02¥0.34annually2021-07-02

CareRay Digital Medical Technology Dividend per year

CareRay Digital Medical Technology Dividend Yield

CareRay Digital Medical Technology current trailing twelve-month (TTM) dividend yield is 0.34%. Interested in purchasing CareRay Digital Medical Technology stock? Use our calculator to estimate your expected dividend yield:

CareRay Digital Medical Technology Financial Ratios

P/E ratio57.25
PEG ratio9.06
P/B ratio1.66
ROE2.89%
Payout ratio21.18%
Current ratio7.95
Quick ratio6.76
Cash Ratio3.36

CareRay Digital Medical Technology Dividend FAQ

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