Cheng Shin Rubber Ind. Co., Ltd., together with subsidiaries, processes, manufactures, and trades in bicycle and electrical vehicle tires, reclaimed rubbers, rubbers and resins, and other rubber products. It also manufactures and trades in various rubber products and related rubber machinery, and truck and automobile tires; and distributes rubber and components of tires. The company researches, develops, tests, manufactures, exhibits, imports, exports, wholesales, and retails tires and automobile accessories and related products, as well as processes and sells various anti-vibration rubber and hardware products. It also operates a technical center; produces, sells, and maintains models; retails accessories for rubber tires; provides container transportation services; manages racing tracks; and offers warehouse logistic and after-sales service center services. In addition, the company provides cover and tubes of tires and bicycle tires; adhesives; tapes; radial tires; plastic machinery; and molds and its accessory products. Further, it is involved in the construction and trading of employees' housings, and trading of vehicles parts and accessories. The company operates in Taiwan, China, the United States, and internationally. Cheng Shin Rubber Ind. Co., Ltd. was incorporated in 1967 and is headquartered in Changhua, Taiwan.
Cheng Shin Rubber Dividend Announcement
• Cheng Shin Rubber announced a annually dividend of NT$2.00 per ordinary share which will be made payable on 2024-07-10. Ex dividend date: 2024-06-05
• Cheng Shin Rubber annual dividend for 2024 was NT$2.00
• Cheng Shin Rubber annual dividend for 2023 was NT$1.40
• Cheng Shin Rubber's trailing twelve-month (TTM) dividend yield is 4.31%
• Cheng Shin Rubber's payout ratio for the trailing twelve months (TTM) is 56.05%
• Cheng Shin Rubber's dividend growth over the last five years (2018-2023) was -4.90% year
• Cheng Shin Rubber's dividend growth over the last ten years (2013-2023) was 0.71% year
Cheng Shin Rubber Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-05 | NT$2.00 | annually | 2024-07-10 |
2023-06-01 | NT$1.40 | annually | 2023-07-07 |
2022-07-25 | NT$1.20 | annually | 2022-08-17 |
2021-08-30 | NT$1.20 | annually | 2021-09-24 |
2020-07-23 | NT$1.00 | annually | 2020-08-28 |
2019-07-22 | NT$1.10 | annually | 2019-08-23 |
2018-07-13 | NT$1.80 | annually | 2018-08-17 |
2017-07-25 | NT$3.00 | annually | 2017-08-25 |
2016-07-21 | NT$3.00 | annually | |
2015-07-23 | NT$3.00 | annually | |
2014-07-24 | NT$3.00 | annually | |
2013-08-02 | NT$1.30 | annually |
Cheng Shin Rubber Dividend per year
Cheng Shin Rubber Dividend growth
Cheng Shin Rubber Dividend Yield
Cheng Shin Rubber current trailing twelve-month (TTM) dividend yield is 4.31%. Interested in purchasing Cheng Shin Rubber stock? Use our calculator to estimate your expected dividend yield:
Cheng Shin Rubber Financial Ratios
Cheng Shin Rubber Dividend FAQ
Other factors to consider when evaluating Cheng Shin Rubber 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: Cheng Shin Rubber'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, Cheng Shin Rubber 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, Cheng Shin Rubber 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 Cheng Shin Rubber 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: Cheng Shin Rubber 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, Cheng Shin Rubber distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cheng Shin Rubber 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 Cheng Shin Rubber'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 Cheng Shin Rubber'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.