Hongfa Technology Co., Ltd. manufactures and supplies relays, medium and low voltage electrical appliances, high and low voltage complete equipment, connectors, capacitors, precision parts, and automation equipment worldwide. It offers a range of relays, including signal relays, automotive relays and modules, power relays, industrial relays, latching relays, new energy relays, etc. The company also provides low-voltage devices, such as intelligent circuit breakers, contactors, motor protectors, automatic transfer switching breakers, etc. Hongfa Technology Co., Ltd. was formerly known as WuHan LiNuo Solar Energy Group Co., Ltd. and changed its name to Hongfa Technology Co., Ltd. in December 2012. The company was founded in 1984 and is based in Xiamen, China.
Hongfa Technology Dividend Announcement
• Hongfa Technology announced a annually dividend of ¥0.44 per ordinary share which will be made payable on 2024-06-20. Ex dividend date: 2024-06-20
• Hongfa Technology annual dividend for 2024 was ¥0.44
• Hongfa Technology annual dividend for 2023 was ¥0.36
• Hongfa Technology's trailing twelve-month (TTM) dividend yield is 1.39%
• Hongfa Technology's payout ratio for the trailing twelve months (TTM) is 32.48%
• Hongfa Technology's dividend growth over the last five years (2018-2023) was -2.09% year
Hongfa Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-20 | ¥0.44 | annually | 2024-06-20 |
2023-06-15 | ¥0.36 | annually | 2023-06-15 |
2022-06-30 | ¥0.60 | annually | 2022-06-30 |
2021-04-21 | ¥0.34 | annually | 2021-04-21 |
2020-07-23 | ¥0.29 | annually | 2020-07-23 |
2019-06-14 | ¥0.29 | annually | 2019-06-14 |
2018-06-14 | ¥0.40 | annually | 2018-06-14 |
2017-05-25 | ¥0.25 | annually | 2017-05-25 |
2016-06-16 | ¥0.20 | annually | |
2015-06-09 | ¥0.30 | annually |
Hongfa Technology Dividend per year
Hongfa Technology Dividend growth
Hongfa Technology Dividend Yield
Hongfa Technology current trailing twelve-month (TTM) dividend yield is 1.39%. Interested in purchasing Hongfa Technology stock? Use our calculator to estimate your expected dividend yield:
Hongfa Technology Financial Ratios
Hongfa Technology Dividend FAQ
Other factors to consider when evaluating Hongfa Technology 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: Hongfa Technology'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, Hongfa Technology 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, Hongfa Technology 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 Hongfa Technology 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: Hongfa Technology 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, Hongfa Technology distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hongfa Technology 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 Hongfa Technology'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 Hongfa Technology'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.