Fengxing Co., Ltd. researches and develops, produces, sells, and services metal casting wear-resistant materials under the phoenix brand in China. The company offers grinding mediums, resistant steel products, mill liners, resist materials, hammer crushers, counterattack crushers, jaw crushers, and cooling machines. Its products are used in metallurgical mining, building materials, cement, thermal power, and magnetic materials industries, as well as grinding materials production. The company also exports its products to Australia, the Philippines, Japan, Indonesia, South Korea, the United States, and internationally. The company was formerly known as Anhui Fengxing Wear Resistant Materials Co., Ltd. and changed its name to Fengxing Co., Ltd. in January 2022. Fengxing Co., Ltd. was founded in 1997 and is based in Ningguo, China.
Fengxing Dividend Announcement
• Fengxing announced a annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-07-09. Ex dividend date: 2024-07-09
• Fengxing annual dividend for 2024 was ¥0.10
• Fengxing annual dividend for 2023 was ¥0.20
• Fengxing's trailing twelve-month (TTM) dividend yield is 0.49%
• Fengxing's payout ratio for the trailing twelve months (TTM) is -131.40%
Fengxing Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-09 | ¥0.10 | annually | 2024-07-09 |
2023-05-30 | ¥0.20 | annually | 2023-05-30 |
2021-05-31 | ¥0.12 | annually | 2021-05-31 |
2017-04-13 | ¥0.04 | annually | 2017-04-13 |
2016-06-28 | ¥0.12 | annually |
Fengxing Dividend per year
Fengxing Dividend growth
Fengxing Dividend Yield
Fengxing current trailing twelve-month (TTM) dividend yield is 0.49%. Interested in purchasing Fengxing stock? Use our calculator to estimate your expected dividend yield:
Fengxing Financial Ratios
Fengxing Dividend FAQ
Other factors to consider when evaluating Fengxing 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: Fengxing'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, Fengxing 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, Fengxing 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 Fengxing 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: Fengxing 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, Fengxing distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Fengxing 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 Fengxing'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 Fengxing'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.