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Elite Color Environmental Resources Science & Technology Co., Ltd. manufactures and produces dope-dyed recycled polyester staple fibers in China. It offers products for use in engineering, carpets, automotive interiors, clothing, and other fields; clothing home textiles, furniture, automotive interiors, medical hygiene, and other fields; clothing decorative linings, labels, and accessories, such as laces, bras, shoulder pads etc.; automotive field, which include seat covers, sun visors, door upholstery, upholstery and covering materials for roofs and luggage compartments, thermal and sound insulation materials, carburetors, and air filters, as well as base fabrics for tufted carpets, sofa upholstery materials, etc.; and geotechnical engineering. The company is based in Jiangyin, China.

Elite Color Environmental Resources Science & Technology Dividend Announcement

Elite Color Environmental Resources Science & Technology announced a annually dividend of ¥0.05 per ordinary share which will be made payable on 2024-06-13. Ex dividend date: 2024-06-13
Elite Color Environmental Resources Science & Technology annual dividend for 2024 was ¥0.05
Elite Color Environmental Resources Science & Technology annual dividend for 2023 was ¥0.15
Elite Color Environmental Resources Science & Technology's trailing twelve-month (TTM) dividend yield is 0.72%
Elite Color Environmental Resources Science & Technology's payout ratio for the trailing twelve months (TTM) is 52.99%

Elite Color Environmental Resources Science & Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-13¥0.05annually2024-06-13
2023-10-09¥0.15annually2023-10-09
2021-10-28¥0.10annually2021-10-28

Elite Color Environmental Resources Science & Technology Dividend per year

Elite Color Environmental Resources Science & Technology Dividend Yield

Elite Color Environmental Resources Science & Technology current trailing twelve-month (TTM) dividend yield is 0.72%. Interested in purchasing Elite Color Environmental Resources Science & Technology stock? Use our calculator to estimate your expected dividend yield:

Elite Color Environmental Resources Science & Technology Financial Ratios

P/E ratio18.61
PEG ratio0.18
P/B ratio1.28
ROE7.04%
Payout ratio52.99%
Current ratio5.40
Quick ratio3.13
Cash Ratio1.48

Elite Color Environmental Resources Science & Technology Dividend FAQ

Does Elite Color Environmental Resources Science & Technology stock pay dividends?
Elite Color Environmental Resources Science & Technology does not currently pay dividends to its shareholders.
Has Elite Color Environmental Resources Science & Technology ever paid a dividend?
No, Elite Color Environmental Resources Science & Technology has no a history of paying dividends to its shareholders. Elite Color Environmental Resources Science & Technology is not known for its dividend payments.
Why doesn't Elite Color Environmental Resources Science & Technology pay dividends?
There are several potential reasons why Elite Color Environmental Resources Science & Technology 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 Elite Color Environmental Resources Science & Technology 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 Elite Color Environmental Resources Science & Technology 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 Elite Color Environmental Resources Science & Technology a dividend aristocrat?
Elite Color Environmental Resources Science & Technology 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 Elite Color Environmental Resources Science & Technology a dividend king?
Elite Color Environmental Resources Science & Technology 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 Elite Color Environmental Resources Science & Technology a dividend stock?
No, Elite Color Environmental Resources Science & Technology 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 Elite Color Environmental Resources Science & Technology stocks?
To buy Elite Color Environmental Resources Science & 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 and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Elite Color Environmental Resources Science & 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.