Zhejiang Damon Technology Co.,Ltd manufactures and sells logistics sorting equipment. The company offers box, pallet, sorting, and vertical conveyors; high speed palletizing systems; and intelligent storage picking systems. Its products are used in smart manufacturing, e-commerce, logistics, clothing, medicine, tobacco, retail, and other fields. The company was founded in 1997 and is based in Shanghai, China.
Damon Technology Dividend Announcement
• Damon Technology announced a annually dividend of ¥0.35 per ordinary share which will be made payable on 2024-05-29. Ex dividend date: 2024-05-29 • Damon Technology annual dividend for 2024 was ¥0.35 • Damon Technology annual dividend for 2023 was ¥0.41 • Damon Technology's trailing twelve-month (TTM) dividend yield is 1.5% • Damon Technology's payout ratio for the trailing twelve months (TTM) is 38.81%
Damon Technology current trailing twelve-month (TTM) dividend yield is 1.5%. Interested in purchasing Damon Technology stock? Use our calculator to estimate your expected dividend yield:
Damon Technology Financial Ratios
P/E ratio24.04
PEG ratio-1.41
P/B ratio2.24
ROE9.63%
Payout ratio38.81%
Current ratio1.83
Quick ratio1.49
Cash Ratio0.39
Damon Technology Dividend FAQ
How much is the next Damon Technology dividend?
Damon Technology's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Damon Technology dividend. The next Damon Technology dividend will be released in May.
When is Damon Technology dividend paid?
Damon Technology pays dividends on a annually basis. The specific dates may vary each year but are generally around May. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Damon Technology pay?
The specific amount of Damon Technology dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Damon Technology's dividend history.
Does Damon Technology stock pay dividends?
Yes, Damon Technology does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Damon Technology's dividend history.
How much dividend does Damon Technology pay?
Damon Technology paid ¥0.35 in 2024, ¥0.406 in 2023, ¥0.27 in 2022, ¥0.35 in 2021, and ¥0.0 in 2020.
How often does Damon Technology pay dividends?
Damon Technology typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around May.
What is Damon Technology's dividend yield?
The current dividend yield for Damon Technology is 1.5%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Damon Technology's exact dividend yield.
When does Damon Technology go ex dividend?
Damon Technology's ex-dividend date for the latest dividend was on 2024-05-29. Damon Technology typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Damon Technology dividend paid?
Damon Technology pays dividends on a annually basis, typically around May, but the exact dates can vary each year.
Will Damon Technology increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Damon Technology will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Damon Technology dividend per share?
Damon Technology paid ¥0.35 per share in 2024 and ¥0.406 per share in 2023. The amount of dividend per share that Damon Technology pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Damon Technology a dividend aristocrat?
No, 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 Damon Technology a dividend king?
No, 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 Damon Technology a dividend stock?
Yes, Damon Technology is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Damon Technology a good dividend stock?
Whether Damon Technology is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Damon Technology has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Damon Technology 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.
Does Damon Technology pay dividends monthly?
Damon Technology typically pays dividends on a annually basis.
Does Damon Technology pay dividends quarterly?
Damon Technology currently pays dividends on a annually basis.
Has Damon Technology ever paid a dividend?
Yes, Damon Technology has a history of paying dividends to its shareholders. Damon Technology is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Damon Technology dividend stocks?
To buy Damon Technology 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Damon Technology 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.
When does Damon Technology pay dividends 2024?
Damon Technology pays dividends on a annually basis. 2024 dividend payments are in 2024-05-29. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Damon Technology increase its dividend in 2024?
Decisions regarding Damon Technology dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Damon Technology dividend overview you can look into the above table of dividend history.
How Damon Technology dividend works?
The Damon Technology dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Damon Technology's dividend process works:
1. Determination of Dividend: Damon Technology'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, Damon Technology 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, Damon Technology 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 Damon Technology 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.
How are Damon Technology dividends paid?
Damon Technology dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Damon Technology 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, Damon Technology distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Damon Technology 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.
How many times does Damon Technology pay dividends?
Damon Technology typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Damon Technology pay dividends?
The general pattern is that Damon Technology pays dividends around May. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Damon Technology dividend safe?
The safety of Damon Technology's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Damon Technology'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 Damon Technology'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.