HIT Welding Industry Co.,Ltd develops, manufactures, and sells welding materials, welding accessories, and automatic welding equipment in China. The company offers gas shielding and submerged Arc welding wires; mobile rail flash wending machines; trackless autonomous crawling Arc welding robot machines; quantong stainless steel and aluminum welding wires; and Arc light electric welding electrodes. It also provides flux-cored wires, low alloy steel welding wires, electroless copper plating welding wires, welding strips, carbon steel welding wires, and welding fittings, as well as aluminum alloy and nickel-based welding wire. The company products are used in ships, rail vehicles, automobiles, petrochemicals, construction machinery, pressure vessels, marine engineering, aerospace, nuclear power and hydropower, and other fields. The company also exports its products. HIT Welding Industry Co.,Ltd was founded in 1996 and is based in Changzhou, China.
HIT Welding Industry Dividend Announcement
• HIT Welding Industry announced a annually dividend of ¥0.13 per ordinary share which will be made payable on 2024-06-27. Ex dividend date: 2024-06-27
• HIT Welding Industry annual dividend for 2024 was ¥0.13
• HIT Welding Industry annual dividend for 2023 was ¥0.09
• HIT Welding Industry's trailing twelve-month (TTM) dividend yield is 0.68%
• HIT Welding Industry's payout ratio for the trailing twelve months (TTM) is 66.43%
HIT Welding Industry Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-27 | ¥0.13 | annually | 2024-06-27 |
2023-06-21 | ¥0.09 | annually | 2023-06-21 |
2022-06-23 | ¥0.09 | annually | 2022-06-23 |
HIT Welding Industry Dividend per year
HIT Welding Industry Dividend growth
HIT Welding Industry Dividend Yield
HIT Welding Industry current trailing twelve-month (TTM) dividend yield is 0.68%. Interested in purchasing HIT Welding Industry stock? Use our calculator to estimate your expected dividend yield:
HIT Welding Industry Financial Ratios
HIT Welding Industry Dividend FAQ
Other factors to consider when evaluating HIT Welding Industry 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: HIT Welding Industry'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, HIT Welding Industry 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, HIT Welding Industry 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 HIT Welding Industry 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: HIT Welding Industry 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, HIT Welding Industry distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: HIT Welding Industry 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 HIT Welding Industry'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 HIT Welding Industry'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.