Hexing Electrical Co., Ltd. provides electrical equipment and related solutions to power utilities worldwide. It offers string inverters; IEC and ANSI meters; communication modules; fault circuit indicators and DCU products; recloser and pole switches; ring main units; RMU enclosures; and cable junction boxes. The company also offers a range of solutions, such as advance metering infrastructure; ATC&C/boundary metering; CIS/billing; transaction platform; outage management system; integrated distribution management system; C&I metering; transformer monitoring system; vending system; SCADA system; substation automation system; and prefabricated substation. The company was founded in 1992 and is based in Hangzhou, China. Hexing Electrical Co.,Ltd operates as a subsidiary of Hexing Group Inc.
Hexing Electrical Dividend Announcement
• Hexing Electrical announced a annually dividend of ¥1.10 per ordinary share which will be made payable on 2024-06-14. Ex dividend date: 2024-06-14
• Hexing Electrical annual dividend for 2024 was ¥1.10
• Hexing Electrical annual dividend for 2023 was ¥0.70
• Hexing Electrical's trailing twelve-month (TTM) dividend yield is 3.01%
• Hexing Electrical's payout ratio for the trailing twelve months (TTM) is 51.53%
• Hexing Electrical's dividend growth over the last five years (2018-2023) was 24.85% year
Hexing Electrical Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | ¥1.10 | annually | 2024-06-14 |
2023-06-21 | ¥0.70 | annually | 2023-06-21 |
2022-07-06 | ¥0.30 | annually | 2022-07-06 |
2021-06-10 | ¥0.50 | annually | 2021-06-10 |
2020-06-05 | ¥0.60 | annually | 2020-06-05 |
2019-06-06 | ¥0.40 | annually | 2019-06-06 |
2018-06-19 | ¥0.23 | annually | 2018-06-19 |
2017-06-15 | ¥0.20 | annually | 2017-06-15 |
Hexing Electrical Dividend per year
Hexing Electrical Dividend growth
Hexing Electrical Dividend Yield
Hexing Electrical current trailing twelve-month (TTM) dividend yield is 3.01%. Interested in purchasing Hexing Electrical stock? Use our calculator to estimate your expected dividend yield:
Hexing Electrical Financial Ratios
Hexing Electrical Dividend FAQ
Other factors to consider when evaluating Hexing Electrical 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: Hexing Electrical'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, Hexing Electrical 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, Hexing Electrical 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 Hexing Electrical 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: Hexing Electrical 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, Hexing Electrical distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hexing Electrical 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 Hexing Electrical'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 Hexing Electrical'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.