Chung Hung Steel Corporation manufactures and sells steel products in Taiwan. It provides hot-rolled steel coils, cold-rolled steel coils, hot-dipped galvanized steel coils, JIS steel pipes, ASTM steel pipes, API steel pipes, and PE coated steel pipes. The company's products are used in steel pipes, sports equipment, bicycles, umbrellas, floor plates, C-type steels, scaffold pipes, rigid steel, construction equipment, oil drums, electroplated pipes, home appliances and automobile parts, office furniture, floor plates, gardening tubes, display stands, pressure piping and plumbing, general and mechanical structures, and rigid steel conduits, as well as oil and gas pipeline transportation. It exports its products to Hong Kong, China, New Zealand, Australia, South and Southeast Asia, Asia, the Middle East, Europe, Japan, Korea, the United States, and Canada. The company was formerly known as Yieh Loong Enterprise Co., Ltd. and changed its name to Chung Hung Steel Corporation in July 2004. Chung Hung Steel Corporation was incorporated in 1983 and is headquartered in Kaohsiung, Taiwan.
Chung Hung Steel Dividend Announcement
• Chung Hung Steel announced a annually dividend of NT$0.10 per ordinary share which will be made payable on 2024-08-23. Ex dividend date: 2024-07-26
• Chung Hung Steel annual dividend for 2024 was NT$0.10
• Chung Hung Steel annual dividend for 2023 was NT$0.35
• Chung Hung Steel's trailing twelve-month (TTM) dividend yield is 0.49%
• Chung Hung Steel's payout ratio for the trailing twelve months (TTM) is -19.71%
Chung Hung Steel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-26 | NT$0.10 | annually | 2024-08-23 |
2023-07-26 | NT$0.35 | annually | 2023-08-25 |
2022-07-26 | NT$2.80 | annually | 2022-08-25 |
2021-08-26 | NT$0.30 | annually | 2021-09-24 |
2019-07-25 | NT$0.10 | annually | 2019-08-21 |
2011-07-29 | NT$0.60 | annually | |
2008-07-21 | NT$2.03 | annually | |
2007-08-14 | NT$0.29 | annually | |
2005-08-23 | NT$0.56 | annually |
Chung Hung Steel Dividend per year
Chung Hung Steel Dividend growth
Chung Hung Steel Dividend Yield
Chung Hung Steel current trailing twelve-month (TTM) dividend yield is 0.49%. Interested in purchasing Chung Hung Steel stock? Use our calculator to estimate your expected dividend yield:
Chung Hung Steel Financial Ratios
Chung Hung Steel Dividend FAQ
Other factors to consider when evaluating Chung Hung Steel 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: Chung Hung Steel'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, Chung Hung Steel 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, Chung Hung Steel 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 Chung Hung Steel 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: Chung Hung Steel 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, Chung Hung Steel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Chung Hung Steel 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 Chung Hung Steel'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 Chung Hung Steel'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.