DSR Wire Corp manufactures wire and wire rope in South Korea. It provides high carbon steel wire, music spring wire, hard drawn steel wire, and zinc coated steel wire, as well as PowerMax rope and OT wire. The company offers its products for mooring, lifting, fishing, oil and gas, mining, leisure, logging, crane, automotive, general use, electronics, construction, agriculture, and consumer goods sectors. The company was formerly known as Chunki Wire Rope Industry Ltd and changed its name to DSR Wire Corp in May 2000. DSR Wire Corp was founded in 1971 and is headquartered in Suncheon, South Korea.
DSR Wire Dividend Announcement
• DSR Wire announced a annually dividend of ₩60.00 per ordinary share which will be made payable on 2024-04-01. Ex dividend date: 2023-12-27
• DSR Wire annual dividend for 2023 was ₩60.00
• DSR Wire's trailing twelve-month (TTM) dividend yield is 1.76%
• DSR Wire's payout ratio for the trailing twelve months (TTM) is -3.02%
• DSR Wire's dividend growth over the last five years (2018-2023) was 8.45% year
• DSR Wire's dividend growth over the last ten years (2013-2023) was 7.18% year
DSR Wire Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-27 | ₩60.00 | annually | 2024-04-01 |
2022-12-28 | ₩60.00 | annually | 2023-04-21 |
2021-12-29 | ₩40.00 | annually | 2022-04-28 |
2020-12-29 | ₩40.00 | annually | 2021-04-23 |
2019-12-27 | ₩40.00 | annually | 2020-04-24 |
2018-12-27 | ₩40.00 | annually | 2019-04-19 |
2017-12-27 | ₩40.00 | annually | 2018-04-20 |
2016-12-28 | ₩40.00 | annually | |
2015-12-29 | ₩40.00 | annually | |
2014-12-29 | ₩30.00 | annually | |
2013-12-27 | ₩30.00 | annually | |
2012-12-27 | ₩30.00 | annually |
DSR Wire Dividend per year
DSR Wire Dividend growth
DSR Wire Dividend Yield
DSR Wire current trailing twelve-month (TTM) dividend yield is 1.76%. Interested in purchasing DSR Wire stock? Use our calculator to estimate your expected dividend yield:
DSR Wire Financial Ratios
DSR Wire Dividend FAQ
Other factors to consider when evaluating DSR Wire 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: DSR Wire'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, DSR Wire 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, DSR Wire 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 DSR Wire 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: DSR Wire 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, DSR Wire distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: DSR Wire 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 DSR Wire'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 DSR Wire'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.