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Changsha DIALINE New Material Sci.&Tech. Co., Ltd. manufactures and sells electroplated diamond wires in China. It offers diamond wires for silicon squaring and slicing, cropping, and silicon filament cutting; and diamond wires for sapphire and magnetic materials slicing, as well as diamond wire loops. The company was founded in 2009 and is based in Changsha, China.

Changsha DIALINE New Material Dividend Announcement

Changsha DIALINE New Material announced a annually dividend of ¥0.09 per ordinary share which will be made payable on 2024-05-13. Ex dividend date: 2024-05-13
Changsha DIALINE New Material annual dividend for 2024 was ¥0.09
Changsha DIALINE New Material's trailing twelve-month (TTM) dividend yield is 1.05%
Changsha DIALINE New Material's payout ratio for the trailing twelve months (TTM) is -31.14%

Changsha DIALINE New Material Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-13¥0.09annually2024-05-13
2019-03-04¥0.09annually2019-03-04
2018-05-10¥0.30annually2018-05-10

Changsha DIALINE New Material Dividend per year

Changsha DIALINE New Material Dividend Yield

Changsha DIALINE New Material current trailing twelve-month (TTM) dividend yield is 1.05%. Interested in purchasing Changsha DIALINE New Material stock? Use our calculator to estimate your expected dividend yield:

Changsha DIALINE New Material Financial Ratios

P/E ratio-23.11
PEG ratio-0.06
P/B ratio2.87
ROE-11.46%
Payout ratio-31.14%
Current ratio1.43
Quick ratio1.10
Cash Ratio0.55

Changsha DIALINE New Material Dividend FAQ

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