China Railway Materials Co., Ltd. engages in the manufacture and sale of economy passenger car. Its business includes research and development, production and sale of engine and transmission. The company was founded on August 28, 1997 and is headquartered in Beijing, China.
China Railway Materials Dividend Announcement
• China Railway Materials announced a annually dividend of ¥0.01 per ordinary share which will be made payable on 2024-08-02. Ex dividend date: 2024-08-02
• China Railway Materials annual dividend for 2024 was ¥0.01
• China Railway Materials's trailing twelve-month (TTM) dividend yield is 0.34%
• China Railway Materials's payout ratio for the trailing twelve months (TTM) is 28.64%
China Railway Materials Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-02 | ¥0.01 | annually | 2024-08-02 |
| 2013-08-23 | ¥0.01 | annually | |
| 2012-07-19 | ¥0.02 | annually | |
| 2011-06-29 | ¥0.03 | annually | |
| 2010-08-26 | ¥0.07 | annually | |
| 2009-07-29 | ¥0.05 | annually | |
| 2008-08-21 | ¥0.05 | annually | |
| 2007-08-28 | ¥0.06 | annually | |
| 2002-07-29 | ¥0.12 | annually |
China Railway Materials Dividend per year
China Railway Materials Dividend growth
China Railway Materials Dividend Yield
China Railway Materials current trailing twelve-month (TTM) dividend yield is 0.34%. Interested in purchasing China Railway Materials stock? Use our calculator to estimate your expected dividend yield:
China Railway Materials Financial Ratios
P/E ratio37.84
PEG ratio-2.55
P/B ratio1.95
ROE5.27%
Payout ratio28.64%
Current ratio1.67
Quick ratio1.52
Cash Ratio0.37
China Railway Materials Dividend FAQ
Does China Railway Materials stock pay dividends?
China Railway Materials does not currently pay dividends to its shareholders.
Has China Railway Materials ever paid a dividend?
No, China Railway Materials has no a history of paying dividends to its shareholders. China Railway Materials is not known for its dividend payments.
Why doesn't China Railway Materials pay dividends?
There are several potential reasons why China Railway Materials 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.
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 Railway Materials 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 Railway Materials 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 Railway Materials a dividend aristocrat?
China Railway Materials 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 Railway Materials a dividend king?
China Railway Materials 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 Railway Materials a dividend stock?
No, China Railway Materials 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 Railway Materials stocks?
To buy China Railway Materials 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 Railway Materials 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.
Place an order: Use the brokerage's trading platform to place an order to buy China Railway Materials 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.