Fujian Raynen Technology Co., Ltd. engages in the distribution of IC products in China. It also researches and develops, produces, and sells industrial automation control products, including knitting, sewing equipment, computer control system products, servo systems frequency converters, other general industrial automation products. The company's products include flat knitting machine computer control systems, vamp flat knitting machine computer control systems, operation boxes, main controllers, take-down comb controllers, carriage controllers, and integrated power supply products; and single-axis and digital dual-axis servo drivers. In addition, it is involved in application software development for knitting industry, industrial electrical automation products distribution, system integration, etc. The company was formerly known as Fujian Raynen Electronics Co., Ltd. and changed its name to Fujian Raynen Technology Co., Ltd. in 2013. The company was founded in 2007 and is headquartered in Fuzhou, China.
Fujian Raynen Technology Dividend Announcement
• Fujian Raynen Technology announced a semi annually dividend of ¥0.03 per ordinary share which will be made payable on 2024-11-13. Ex dividend date: 2024-11-13
• Fujian Raynen Technology annual dividend for 2024 was ¥0.13
• Fujian Raynen Technology annual dividend for 2023 was ¥0.09
• Fujian Raynen Technology's trailing twelve-month (TTM) dividend yield is 0.77%
• Fujian Raynen Technology's payout ratio for the trailing twelve months (TTM) is 48.08%
• Fujian Raynen Technology's dividend growth over the last five years (2018-2023) was -27.52% year
Fujian Raynen Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-13 | ¥0.03 | semi annually | 2024-11-13 |
2024-06-04 | ¥0.10 | semi annually | 2024-06-04 |
2023-06-27 | ¥0.09 | semi annually | 2023-06-27 |
2022-05-30 | ¥0.13 | semi annually | 2022-05-30 |
2021-06-23 | ¥0.05 | semi annually | 2021-06-23 |
2020-05-26 | ¥0.10 | semi annually | 2020-05-26 |
2019-06-05 | ¥0.30 | semi annually | 2019-06-05 |
2018-05-10 | ¥0.45 | semi annually | 2018-05-10 |
Fujian Raynen Technology Dividend per year
Fujian Raynen Technology Dividend growth
Fujian Raynen Technology Dividend Yield
Fujian Raynen Technology current trailing twelve-month (TTM) dividend yield is 0.77%. Interested in purchasing Fujian Raynen Technology stock? Use our calculator to estimate your expected dividend yield:
Fujian Raynen Technology Financial Ratios
Fujian Raynen Technology Dividend FAQ
Other factors to consider when evaluating Fujian Raynen Technology 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: Fujian Raynen Technology'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, Fujian Raynen Technology 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, Fujian Raynen Technology 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 Fujian Raynen Technology 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: Fujian Raynen Technology 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, Fujian Raynen Technology distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Fujian Raynen Technology 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 Fujian Raynen Technology'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 Fujian Raynen Technology'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.