Chengdu Galaxy Magnets Co.,Ltd. engages in the manufacture and sale of magnets worldwide. The company offers bonded NdFeB magnets used in automotive motors, hard disk drive motor, water and oil pump motor, power tools, office and home appliances, and sensors and encoders; and hot-pressed NdFeB magnets used in automotive motors, power tools, servo motors, and small precision brushless motors. It also provides samarium-cobalt magnets used in space and aviation, national defense and military electronics, micro-wave parts, communication equipment, medical electronics, automobiles, magnetic pump, instrument and meters, sensors, and high-ten motors; injected plastic-bonded magnets for use in household appliances, automobiles, office equipment, 3C products, and other fields; and magnet assemblies for glued and plastic injection assemblies. The company was founded in 1993 and is based in Chengdu, the People's Republic of China.
Chengdu Galaxy Magnets Dividend Announcement
• Chengdu Galaxy Magnets announced a annually dividend of ¥0.40 per ordinary share which will be made payable on 2024-06-26. Ex dividend date: 2024-06-26
• Chengdu Galaxy Magnets annual dividend for 2024 was ¥0.40
• Chengdu Galaxy Magnets annual dividend for 2023 was ¥0.40
• Chengdu Galaxy Magnets's trailing twelve-month (TTM) dividend yield is 1.19%
• Chengdu Galaxy Magnets's payout ratio for the trailing twelve months (TTM) is 100.65%
• Chengdu Galaxy Magnets's dividend growth over the last five years (2018-2023) was -2.33% year
• Chengdu Galaxy Magnets's dividend growth over the last ten years (2013-2023) was -1.17% year
Chengdu Galaxy Magnets Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-26 | ¥0.40 | annually | 2024-06-26 |
2023-06-15 | ¥0.40 | annually | 2023-06-15 |
2022-06-15 | ¥0.45 | annually | 2022-06-15 |
2021-05-19 | ¥0.35 | annually | 2021-05-19 |
2020-05-15 | ¥0.35 | annually | 2020-05-15 |
2019-05-10 | ¥0.35 | annually | 2019-05-10 |
2018-05-29 | ¥0.45 | annually | 2018-05-29 |
2017-05-10 | ¥0.25 | annually | 2017-05-10 |
2016-04-29 | ¥0.20 | annually | |
2015-04-14 | ¥0.15 | annually | |
2014-04-14 | ¥0.30 | annually | |
2013-04-12 | ¥0.45 | annually |
Chengdu Galaxy Magnets Dividend per year
Chengdu Galaxy Magnets Dividend growth
Chengdu Galaxy Magnets Dividend Yield
Chengdu Galaxy Magnets current trailing twelve-month (TTM) dividend yield is 1.19%. Interested in purchasing Chengdu Galaxy Magnets stock? Use our calculator to estimate your expected dividend yield:
Chengdu Galaxy Magnets Financial Ratios
Chengdu Galaxy Magnets Dividend FAQ
Other factors to consider when evaluating Chengdu Galaxy Magnets 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: Chengdu Galaxy Magnets'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, Chengdu Galaxy Magnets 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, Chengdu Galaxy Magnets 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 Chengdu Galaxy Magnets 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: Chengdu Galaxy Magnets 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, Chengdu Galaxy Magnets distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Chengdu Galaxy Magnets 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 Chengdu Galaxy Magnets'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 Chengdu Galaxy Magnets'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.