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Chongqing Sifang New Material Co., Ltd. engages in the research, development, production, and sale of commercial concrete in China. The company also produces aggregates for construction. Its products are used in the infrastructure construction, such as roads, bridges, tunnels, water conservancy, and industrial and civil real estate construction. The company was founded in 2003 is based in Chongqing, China. As of August 25, 2021, Chongqing Sifang New Material Co., Ltd. operates as a subsidiary of Yichun Zhuozhi Commercial Center (Limited Partnership).

Chongqing Sifang New Material Dividend Announcement

Chongqing Sifang New Material announced a annually dividend of ¥0.02 per ordinary share which will be made payable on 2024-05-31. Ex dividend date: 2024-05-31
Chongqing Sifang New Material annual dividend for 2024 was ¥0.02
Chongqing Sifang New Material's trailing twelve-month (TTM) dividend yield is 0.22%
Chongqing Sifang New Material's payout ratio for the trailing twelve months (TTM) is 90.29%

Chongqing Sifang New Material Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-31¥0.02annually2024-05-31
2022-05-27¥0.08annually2022-05-27
2021-06-02¥0.60annually2021-06-02

Chongqing Sifang New Material Dividend per year

Chongqing Sifang New Material Dividend Yield

Chongqing Sifang New Material current trailing twelve-month (TTM) dividend yield is 0.22%. Interested in purchasing Chongqing Sifang New Material stock? Use our calculator to estimate your expected dividend yield:

Chongqing Sifang New Material Financial Ratios

P/E ratio57.11
PEG ratio6.80
P/B ratio0.82
ROE1.43%
Payout ratio90.29%
Current ratio1.72
Quick ratio1.70
Cash Ratio0.20

Chongqing Sifang New Material Dividend FAQ

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