Formosa Taffeta Co., Ltd. operates in the textile industry in Asia. It operates through three segments: First Business Group, Cord Fabric Department, and Gasoline Department. The company engages in researching, developing, warping, sizing, beaming, twisting, designing, weaving, dyeing, printing, and finishing fabrics and textured yarns. It provides polyamine, polyester, sports, functional, and medical fabrics; tire cord fabrics, base cloths of conveyor ducks, chafers for tire-lips, anti-puncture fabric for bikes, lining fabric, etc.; cotton, blended, and MVS yarns; and nano far infrared ray, nano anion, germanium, fine diner, hollow section insulation, low-pilling, functional, comfort, eco-friendly, protective, and flame resistance fabrics, as well as protective fabrics of uniforms for military, police, and firefighter applications. The company also offers medical protective antibacterial, bullet proof, anti-puncture, carbon fiber fabrics, and PE plastic bags. In addition, it operates gasoline stations; and offers petroleum, as well as car washing services. The company was formerly known as Formosa Fiber Co., Ltd. and changed its name to Formosa Taffeta Co., Ltd. in January 1979. Formosa Taffeta Co., Ltd. was incorporated in 1973 and is headquartered in Douliu, Taiwan.
Formosa Taffeta Dividend Announcement
• Formosa Taffeta announced a annually dividend of NT$0.50 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-07-31
• Formosa Taffeta annual dividend for 2024 was NT$0.50
• Formosa Taffeta annual dividend for 2023 was NT$1.50
• Formosa Taffeta's trailing twelve-month (TTM) dividend yield is 2.51%
• Formosa Taffeta's payout ratio for the trailing twelve months (TTM) is 68.46%
• Formosa Taffeta's dividend growth over the last five years (2018-2023) was -4.62% year
• Formosa Taffeta's dividend growth over the last ten years (2013-2023) was 4.14% year
Formosa Taffeta Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-31 | NT$0.50 | annually | 2024-08-30 |
2023-07-18 | NT$1.50 | annually | 2023-08-18 |
2022-07-26 | NT$1.00 | annually | 2022-08-25 |
2021-08-03 | NT$1.00 | annually | 2021-09-07 |
2020-07-13 | NT$2.50 | annually | 2020-08-14 |
2019-07-17 | NT$2.10 | annually | 2019-08-20 |
2018-07-18 | NT$1.90 | annually | 2018-08-22 |
2017-07-24 | NT$1.50 | annually | 2017-08-23 |
2016-07-26 | NT$1.20 | annually | |
2015-07-29 | NT$1.40 | annually | |
2014-07-29 | NT$1.00 | annually | |
2013-07-26 | NT$1.00 | annually |
Formosa Taffeta Dividend per year
Formosa Taffeta Dividend growth
Formosa Taffeta Dividend Yield
Formosa Taffeta current trailing twelve-month (TTM) dividend yield is 2.51%. Interested in purchasing Formosa Taffeta stock? Use our calculator to estimate your expected dividend yield:
Formosa Taffeta Financial Ratios
Formosa Taffeta Dividend FAQ
Other factors to consider when evaluating Formosa Taffeta 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 Taffeta'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 Taffeta 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 Taffeta 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 Taffeta 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 Taffeta 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 Taffeta 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 Taffeta 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 Taffeta'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 Taffeta'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.