Cheil Grinding Wheel Ind. Co., Ltd. manufactures and sells grinding wheel products for industrial grinding, cutting, and finishing applications. The company's products include resin bonded abrasive wheels, such as reinforced cut-off, mini cut-off, circular saw, chopsaw, stationary machine saw, high speed gas/electric saw, non-reinforced cut-off, depressed center, flexible grinding, resin bonded snagging, heavy duty snagging, and roll grinding wheels; and vitrified bonded abrasive wheels comprise general purpose, surface grinding, cylindrical grinding, tool room, mounted point, centerless grinding, crankshaft grinding, and camshaft grinding wheels. Its products also consist of CBN/diamond grinding wheels; rubber regulating abrasive wheels; magnesia and epoxy wheels/discs; mold stones; honing stones; super finishing stones; internal grinding wheels; and barrel stones. The company offers its products through distributors in Asia, the Middle East, Oceania, Canada, the United States, Central and South America, Europe, and Africa. Cheil Grinding Wheel Ind. Co., Ltd. was founded in 1955 and is headquartered in Pohang, South Korea.
Cheil Grinding Wheel Dividend Announcement
• Cheil Grinding Wheel announced a annually dividend of ₩300.00 per ordinary share which will be made payable on 2024-04-12. Ex dividend date: 2023-12-27
• Cheil Grinding Wheel annual dividend for 2023 was ₩300.00
• Cheil Grinding Wheel's trailing twelve-month (TTM) dividend yield is 3.46%
• Cheil Grinding Wheel's payout ratio for the trailing twelve months (TTM) is 19.27%
• Cheil Grinding Wheel's dividend growth over the last five years (2018-2023) was 8.45% year
• Cheil Grinding Wheel's dividend growth over the last ten years (2013-2023) was 4.14% year
Cheil Grinding Wheel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-27 | ₩300.00 | annually | 2024-04-12 |
2022-12-28 | ₩270.00 | annually | 2023-04-13 |
2021-12-29 | ₩270.00 | annually | 2022-04-12 |
2020-12-29 | ₩220.00 | annually | 2021-04-12 |
2019-12-27 | ₩220.00 | annually | 2020-04-06 |
2018-12-27 | ₩200.00 | annually | 2019-04-05 |
2017-12-27 | ₩180.00 | annually | 2018-03-27 |
2016-12-28 | ₩160.00 | annually | |
2015-12-29 | ₩160.00 | annually | |
2014-12-29 | ₩200.00 | annually | |
2013-12-27 | ₩200.00 | annually | |
2012-12-27 | ₩160.00 | annually |
Cheil Grinding Wheel Dividend per year
Cheil Grinding Wheel Dividend growth
Cheil Grinding Wheel Dividend Yield
Cheil Grinding Wheel current trailing twelve-month (TTM) dividend yield is 3.46%. Interested in purchasing Cheil Grinding Wheel stock? Use our calculator to estimate your expected dividend yield:
Cheil Grinding Wheel Financial Ratios
Cheil Grinding Wheel Dividend FAQ
Other factors to consider when evaluating Cheil Grinding Wheel 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: Cheil Grinding Wheel'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, Cheil Grinding Wheel 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, Cheil Grinding Wheel 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 Cheil Grinding Wheel 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: Cheil Grinding Wheel 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, Cheil Grinding Wheel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cheil Grinding Wheel 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 Cheil Grinding Wheel'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 Cheil Grinding Wheel'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.