CASTECH Inc. researches, develops, manufactures, and sells crystals, optics, and laser components primarily in China. The company offers NLO, laser, magneto-optical, birefringent, AO and EO, and scintillation crystals, as well as oven and temperature controller accessories; precision optics, including coatings, windows, mirrors, prisms, lenses, spherical lenses, cylindrical lenses, waveplates, polarizers, beamsplitters, aspherical lenses, diffraction gratings, and featured optics; and laser components, such as magneto-optic, acousto-optic, electro-optic, laser application devices. It also exports its products to North America, Europe, Japan, and other Asian countries. The company was founded in 1988 and is based in Fuzhou, China.
CASTECH Dividend Announcement
• CASTECH announced a semi annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-06-28. Ex dividend date: 2024-06-28
• CASTECH annual dividend for 2024 was ¥0.10
• CASTECH annual dividend for 2023 was ¥0.40
• CASTECH's trailing twelve-month (TTM) dividend yield is 0.28%
• CASTECH's payout ratio for the trailing twelve months (TTM) is 96.03%
• CASTECH's dividend growth over the last five years (2018-2023) was 31.95% year
CASTECH Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-28 | ¥0.10 | semi annually | 2024-06-28 |
2023-10-26 | ¥0.15 | semi annually | 2023-10-26 |
2023-06-14 | ¥0.25 | semi annually | 2023-06-14 |
2022-06-10 | ¥0.15 | semi annually | 2022-06-10 |
2021-06-11 | ¥0.10 | semi annually | 2021-06-11 |
2020-06-24 | ¥0.10 | semi annually | 2020-06-24 |
2019-06-13 | ¥0.10 | semi annually | 2019-06-13 |
2018-05-23 | ¥0.10 | semi annually | 2018-05-23 |
2017-05-24 | ¥0.10 | semi annually | 2017-05-24 |
2016-05-20 | ¥0.07 | semi annually | |
2014-05-30 | ¥0.10 | semi annually | |
2013-06-18 | ¥0.10 | semi annually | |
2012-05-22 | ¥0.12 | semi annually |
CASTECH Dividend per year
CASTECH Dividend growth
CASTECH Dividend Yield
CASTECH current trailing twelve-month (TTM) dividend yield is 0.28%. Interested in purchasing CASTECH stock? Use our calculator to estimate your expected dividend yield:
CASTECH Financial Ratios
CASTECH Dividend FAQ
Other factors to consider when evaluating CASTECH 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.
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1. Determination of Dividend: CASTECH'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, CASTECH 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, CASTECH 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 CASTECH 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.
1. Record Date: CASTECH 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, CASTECH distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CASTECH 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.
To assess the safety of CASTECH'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 CASTECH'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.