Guangzhou Tongda Auto Electric Co., Ltd. engages in the research, development, production and sales of vehicle-mounted intelligent terminal comprehensive information management systems and supporting automotive electrical products. It also manufactures and distributes auto parts and accessories. Its business includes new energy system, onboard intelligent, vehicle media, and onboard parts products. The company was founded on January 11, 1994 and is headquartered in Guangzhou, China.
Guangzhou Tongda Auto Electric Dividend Announcement
• Guangzhou Tongda Auto Electric announced a semi annually dividend of ¥0.03 per ordinary share which will be made payable on 2024-09-18. Ex dividend date: 2024-09-18
• Guangzhou Tongda Auto Electric annual dividend for 2024 was ¥0.08
• Guangzhou Tongda Auto Electric 's trailing twelve-month (TTM) dividend yield is 1.17%
• Guangzhou Tongda Auto Electric 's payout ratio for the trailing twelve months (TTM) is 50.57%
Guangzhou Tongda Auto Electric Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-18 | ¥0.03 | semi annually | 2024-09-18 |
2024-06-04 | ¥0.05 | semi annually | 2024-06-04 |
2021-06-02 | ¥0.10 | semi annually | 2021-06-02 |
2020-06-12 | ¥0.10 | semi annually | 2020-06-12 |
Guangzhou Tongda Auto Electric Dividend per year
Guangzhou Tongda Auto Electric Dividend Yield
Guangzhou Tongda Auto Electric current trailing twelve-month (TTM) dividend yield is 1.17%. Interested in purchasing Guangzhou Tongda Auto Electric stock? Use our calculator to estimate your expected dividend yield:
Guangzhou Tongda Auto Electric Financial Ratios
Guangzhou Tongda Auto Electric Dividend FAQ
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.
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