Formosa Petrochemical Corporation, together with its subsidiaries, engages in the petrochemical and public utility businesses in Taiwan, Korea, the Philippines, Singapore, Malaysia, Mainland China, and internationally. The company produces and sells petroleum and petrochemical products; and water, electricity, and steam. Its products include gasoline, diesel, liquefied petroleum gas, jet fuel/kerosene, naphtha, petrochemical raw material, fuel oil/asphalt/sulphur, base oil, and lubricants. The company is also involved in the exploration and production of oil and gas; leasing of ships; and investing activities, as well as provision of transportation services. Formosa Petrochemical Corporation was incorporated in 1992 and is headquartered in Mailiao, Taiwan.
Formosa Petrochemical Dividend Announcement
• Formosa Petrochemical announced a annually dividend of NT$2.00 per ordinary share which will be made payable on 2024-08-07. Ex dividend date: 2024-07-09
• Formosa Petrochemical annual dividend for 2024 was NT$2.00
• Formosa Petrochemical annual dividend for 2023 was NT$1.10
• Formosa Petrochemical's trailing twelve-month (TTM) dividend yield is 4.55%
• Formosa Petrochemical's payout ratio for the trailing twelve months (TTM) is 310.75%
• Formosa Petrochemical's dividend growth over the last five years (2018-2023) was -29.46% year
• Formosa Petrochemical's dividend growth over the last ten years (2013-2023) was 15.52% year
Formosa Petrochemical Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-09 | NT$2.00 | annually | 2024-08-07 |
2023-06-13 | NT$1.10 | annually | 2023-07-12 |
2022-06-21 | NT$3.80 | annually | 2022-07-22 |
2021-07-23 | NT$0.59 | annually | 2021-08-20 |
2020-06-17 | NT$2.90 | annually | 2020-07-22 |
2019-06-20 | NT$4.80 | annually | 2019-07-25 |
2018-07-04 | NT$6.30 | annually | 2018-07-25 |
2017-06-28 | NT$6.00 | annually | 2017-07-18 |
2016-07-04 | NT$4.00 | annually | |
2015-07-02 | NT$0.85 | annually | |
2014-07-01 | NT$2.50 | annually | |
2013-07-02 | NT$0.26 | annually |
Formosa Petrochemical Dividend per year
Formosa Petrochemical Dividend growth
Formosa Petrochemical Dividend Yield
Formosa Petrochemical current trailing twelve-month (TTM) dividend yield is 4.55%. Interested in purchasing Formosa Petrochemical stock? Use our calculator to estimate your expected dividend yield:
Formosa Petrochemical Financial Ratios
Formosa Petrochemical Dividend FAQ
Other factors to consider when evaluating Formosa Petrochemical 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: Formosa Petrochemical'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, Formosa Petrochemical 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, Formosa Petrochemical 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 Formosa Petrochemical 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: Formosa Petrochemical 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, Formosa Petrochemical distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Formosa Petrochemical 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 Formosa Petrochemical'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 Formosa Petrochemical'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.