Hongda High-Tech Holding Co.,Ltd. engages in warp-knitting, medical device, trading, and financial investment businesses in China. It offers automotive interior fabrics, and clothing fabrics. The company also provides medical device products for liver, gallbladder, spleen, kidney, pancreas, heart, thyroid, breast, bladder, uterus attachment, and other organs. It exports its automotive interior fabrics to the United States, Germany, Japan, and internationally. The company was formerly known as Zhejiang Hongda Warp Knitting Co., Ltd. and changed its name to Hongda High-Tech Holding Co.,Ltd. in August 2010. Hongda High-Tech Holding Co.,Ltd. was founded in 1985 and is based in Haining, China.
Hongda High-Tech Dividend Announcement
• Hongda High-Tech announced a annually dividend of ¥0.15 per ordinary share which will be made payable on 2024-06-20. Ex dividend date: 2024-06-20
• Hongda High-Tech annual dividend for 2024 was ¥0.15
• Hongda High-Tech annual dividend for 2023 was ¥0.10
• Hongda High-Tech's trailing twelve-month (TTM) dividend yield is 1.37%
• Hongda High-Tech's payout ratio for the trailing twelve months (TTM) is 36.35%
• Hongda High-Tech's dividend growth over the last five years (2018-2023) was -7.79% year
• Hongda High-Tech's dividend growth over the last ten years (2013-2023) was -3.97% year
Hongda High-Tech Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-20 | ¥0.15 | annually | 2024-06-20 |
2023-06-20 | ¥0.10 | annually | 2023-06-20 |
2022-06-01 | ¥0.10 | annually | 2022-06-01 |
2021-06-25 | ¥0.10 | annually | 2021-06-25 |
2020-06-23 | ¥0.10 | annually | 2020-06-23 |
2019-06-11 | ¥0.10 | annually | 2019-06-11 |
2018-07-11 | ¥0.15 | annually | 2018-07-11 |
2017-07-24 | ¥0.10 | annually | 2017-07-24 |
2016-07-14 | ¥0.10 | annually | |
2015-06-26 | ¥0.20 | annually | |
2014-05-23 | ¥0.20 | annually | |
2013-05-28 | ¥0.15 | annually |
Hongda High-Tech Dividend per year
Hongda High-Tech Dividend growth
Hongda High-Tech Dividend Yield
Hongda High-Tech current trailing twelve-month (TTM) dividend yield is 1.37%. Interested in purchasing Hongda High-Tech stock? Use our calculator to estimate your expected dividend yield:
Hongda High-Tech Financial Ratios
Hongda High-Tech Dividend FAQ
Other factors to consider when evaluating Hongda High-Tech 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: Hongda High-Tech'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, Hongda High-Tech 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, Hongda High-Tech 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 Hongda High-Tech 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: Hongda High-Tech 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, Hongda High-Tech distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hongda High-Tech 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 Hongda High-Tech'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 Hongda High-Tech'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.