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China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services, as well as markets automotive parts in North America and Brazil. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou, the People's Republic of China.

China Automotive Systems Dividend Announcement

• China Automotive Systems announced a annually dividend of $0.80 per ordinary share which will be made payable on 2024-08-22. Ex dividend date: 2024-07-30
• China Automotive Systems annual dividend for 2024 was $0.80
• China Automotive Systems's trailing twelve-month (TTM) dividend yield is 17.94%

China Automotive Systems Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-30$0.80annually2024-08-22
2014-06-24$0.18annually2014-07-28

China Automotive Systems Dividend per year

China Automotive Systems Dividend Yield

China Automotive Systems current trailing twelve-month (TTM) dividend yield is 17.94%. Interested in purchasing China Automotive Systems stock? Use our calculator to estimate your expected dividend yield:

China Automotive Systems Financial Ratios

P/E ratio3.44
PEG ratio-0.32
P/B ratio0.38
ROE11.60%
Payout ratio0.00%
Current ratio1.57
Quick ratio1.27
Cash Ratio0.31

China Automotive Systems Dividend FAQ

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