Hengyi Petrochemical Co., Ltd. produces and sells petrochemical products in China and internationally. Its products include gasoline, diesel oil, kerosene, etc.; and petrochemicals, such as paraxylene, benzene, purified terephthalic acid, and caprolactam; and chemical fiber products, including pre-oriented yarn, fully drawn yarn, draw textured yarn, polyester staple fiber, polyester chips, and polyester bottle chips. The company's products are used in textile and garment, home textile, and industrial applications. The company was formerly known as Shi Ji Guang Hua Technology Company Limited and changed its name to Hengyi Petrochemical Co., Ltd. in May 2011. Hengyi Petrochemical Co., Ltd. was founded in 1989 and is headquartered in Hangzhou, China.
Hengyi Petrochemical Dividend Announcement
• Hengyi Petrochemical announced a annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-06-26. Ex dividend date: 2024-06-26
• Hengyi Petrochemical annual dividend for 2024 was ¥0.10
• Hengyi Petrochemical's trailing twelve-month (TTM) dividend yield is 1.59%
• Hengyi Petrochemical's payout ratio for the trailing twelve months (TTM) is 469.32%
Hengyi Petrochemical Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-26 | ¥0.10 | annually | 2024-06-26 |
2022-07-07 | ¥0.20 | annually | 2022-07-07 |
2021-07-06 | ¥0.30 | annually | 2021-07-06 |
2020-05-28 | ¥0.31 | annually | 2020-05-28 |
2019-06-11 | ¥0.23 | annually | 2019-06-11 |
2018-05-24 | ¥0.20 | annually | 2018-05-24 |
2017-04-21 | ¥0.10 | annually | 2017-04-21 |
2014-05-28 | ¥0.10 | annually | |
2013-06-07 | ¥0.10 | annually | |
2012-03-27 | ¥0.95 | annually | |
2007-03-30 | ¥0.03 | annually | |
2001-07-04 | ¥0.09 | annually |
Hengyi Petrochemical Dividend per year
Hengyi Petrochemical Dividend growth
Hengyi Petrochemical Dividend Yield
Hengyi Petrochemical current trailing twelve-month (TTM) dividend yield is 1.59%. Interested in purchasing Hengyi Petrochemical stock? Use our calculator to estimate your expected dividend yield:
Hengyi Petrochemical Financial Ratios
Hengyi Petrochemical Dividend FAQ
Other factors to consider when evaluating Hengyi Petrochemical 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: Hengyi Petrochemical'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, Hengyi Petrochemical 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, Hengyi Petrochemical 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 Hengyi Petrochemical 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: Hengyi Petrochemical 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, Hengyi Petrochemical distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hengyi Petrochemical 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 Hengyi Petrochemical'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 Hengyi Petrochemical'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.