Fortune Electric Co., Ltd. manufactures, processes, and trades in power transformers, switchboards, high and low voltage switches, and substation equipment in Taiwan. It offers power, distribution, cast resin, and amorphous metal core transformers; and metal-clad switchgears, gas insulated switches, switchgear panels, motor control centers, gas insulated switches, and transmission and distribution apparatus. The company was incorporated in 1969 and is headquartered in Taoyuan City, Taiwan.
Fortune Electric Dividend Announcement
• Fortune Electric announced a annually dividend of NT$6.00 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-07-26
• Fortune Electric annual dividend for 2024 was NT$6.00
• Fortune Electric annual dividend for 2023 was NT$2.50
• Fortune Electric's trailing twelve-month (TTM) dividend yield is 1.07%
• Fortune Electric's payout ratio for the trailing twelve months (TTM) is 19.66%
• Fortune Electric's dividend growth over the last five years (2018-2023) was 44.27% year
• Fortune Electric's dividend growth over the last ten years (2013-2023) was 37.97% year
Fortune Electric Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-26 | NT$6.00 | annually | 2024-08-30 |
2023-07-27 | NT$2.50 | annually | 2023-08-24 |
2022-07-29 | NT$1.00 | annually | 2022-08-25 |
2021-07-30 | NT$1.30 | annually | 2021-08-20 |
2020-07-30 | NT$1.00 | annually | 2020-08-20 |
2019-07-18 | NT$0.30 | annually | 2019-08-15 |
2018-07-19 | NT$0.40 | annually | 2018-08-15 |
2017-07-21 | NT$0.80 | annually | 2017-08-17 |
2016-07-13 | NT$0.60 | annually | |
2015-08-27 | NT$0.60 | annually | |
2014-08-05 | NT$0.32 | annually | |
2013-08-22 | NT$0.10 | annually |
Fortune Electric Dividend per year
Fortune Electric Dividend growth
Fortune Electric Dividend Yield
Fortune Electric current trailing twelve-month (TTM) dividend yield is 1.07%. Interested in purchasing Fortune Electric stock? Use our calculator to estimate your expected dividend yield:
Fortune Electric Financial Ratios
Fortune Electric Dividend FAQ
Other factors to consider when evaluating Fortune Electric 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: Fortune Electric'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, Fortune Electric 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, Fortune Electric 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 Fortune Electric 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: Fortune Electric 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, Fortune Electric distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Fortune Electric 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 Fortune Electric'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 Fortune Electric'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.