Grandtop Yongxing Group Co., Ltd. principally engages in power generation by waste incineration. It operates biomass treatment business. The company was founded on May 21, 2009 and is headquartered in Guangzhou, China.
GRANDTOP YONGXING CO Dividend Announcement
• GRANDTOP YONGXING CO announced a annually dividend of ¥0.52 per ordinary share which will be made payable on 2024-05-09. Ex dividend date: 2024-05-09
• GRANDTOP YONGXING CO annual dividend for 2024 was ¥0.52
• GRANDTOP YONGXING CO's trailing twelve-month (TTM) dividend yield is 3.6%
• GRANDTOP YONGXING CO's payout ratio for the trailing twelve months (TTM) is 131.16%
GRANDTOP YONGXING CO Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-05-09 | ¥0.52 | annually | 2024-05-09 |
GRANDTOP YONGXING CO Dividend per year
GRANDTOP YONGXING CO Dividend Yield
GRANDTOP YONGXING CO current trailing twelve-month (TTM) dividend yield is 3.6%. Interested in purchasing GRANDTOP YONGXING CO stock? Use our calculator to estimate your expected dividend yield:
GRANDTOP YONGXING CO Financial Ratios
P/E ratio18.06
PEG ratio0.18
P/B ratio1.26
ROE7.47%
Payout ratio131.16%
Current ratio1.05
Quick ratio1.03
Cash Ratio0.40
GRANDTOP YONGXING CO Dividend FAQ
Does GRANDTOP YONGXING CO stock pay dividends?
GRANDTOP YONGXING CO does not currently pay dividends to its shareholders.
Has GRANDTOP YONGXING CO ever paid a dividend?
No, GRANDTOP YONGXING CO has no a history of paying dividends to its shareholders. GRANDTOP YONGXING CO is not known for its dividend payments.
Why doesn't GRANDTOP YONGXING CO pay dividends?
There are several potential reasons why GRANDTOP YONGXING CO would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will GRANDTOP YONGXING CO ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While GRANDTOP YONGXING CO has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is GRANDTOP YONGXING CO a dividend aristocrat?
GRANDTOP YONGXING CO is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is GRANDTOP YONGXING CO a dividend king?
GRANDTOP YONGXING CO is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is GRANDTOP YONGXING CO a dividend stock?
No, GRANDTOP YONGXING CO is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy GRANDTOP YONGXING CO stocks?
To buy GRANDTOP YONGXING CO you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy GRANDTOP YONGXING CO stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy GRANDTOP YONGXING CO stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.