Hebei Yichen Industrial Group Corporation Limited provides rail fastening systems to the railway industry in the People's Republic of China. It operates through three segments: Rail Fastening System Products, Flux Cored Wire Products, and Railway Sleeper Products. The company offers high speed rail fastening system, metro series, traditional track series, and heavy haul railway series products, as well as flux cored wire products to the shipbuilding industry; and railway sleeper products. It primarily sells its flux cored wire products through direct sales and e-commerce platforms. Hebei Yichen Industrial Group Corporation Limited was incorporated in 2001 and is headquartered in Shijiazhuang, the People's Republic of China.
Hebei Yichen Industrial Dividend Announcement
• Hebei Yichen Industrial announced a annually dividend of HK$0.01 per ordinary share which will be made payable on 2024-07-25. Ex dividend date: 2024-06-03
• Hebei Yichen Industrial annual dividend for 2024 was HK$0.01
• Hebei Yichen Industrial annual dividend for 2023 was HK$0.06
• Hebei Yichen Industrial's trailing twelve-month (TTM) dividend yield is 0.44%
• Hebei Yichen Industrial's payout ratio for the trailing twelve months (TTM) is 21.12%
Hebei Yichen Industrial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-03 | HK$0.01 | annually | 2024-07-25 |
2023-05-31 | HK$0.06 | annually | 2023-07-20 |
2022-06-06 | HK$0.06 | annually | 2022-07-21 |
2020-11-03 | HK$0.02 | annually | 2020-11-27 |
2020-10-28 | HK$0.02 | annually | |
2020-10-19 | HK$0.02 | annually | |
2020-06-01 | HK$0.02 | annually | 2020-07-16 |
2019-08-02 | HK$0.08 | annually | 2019-09-20 |
2018-05-24 | HK$0.02 | annually | 2018-07-23 |
2017-06-01 | HK$0.19 | annually | 2017-07-14 |
Hebei Yichen Industrial Dividend per year
Hebei Yichen Industrial Dividend growth
Hebei Yichen Industrial Dividend Yield
Hebei Yichen Industrial current trailing twelve-month (TTM) dividend yield is 0.44%. Interested in purchasing Hebei Yichen Industrial stock? Use our calculator to estimate your expected dividend yield:
Hebei Yichen Industrial Financial Ratios
Hebei Yichen Industrial Dividend FAQ
Other factors to consider when evaluating Hebei Yichen Industrial 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: Hebei Yichen Industrial'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, Hebei Yichen Industrial 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, Hebei Yichen Industrial 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 Hebei Yichen Industrial 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: Hebei Yichen Industrial 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, Hebei Yichen Industrial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hebei Yichen Industrial 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 Hebei Yichen Industrial'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 Hebei Yichen Industrial'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.