Hsin Kuang Steel Company Limited engages in the cutting, stamping, and sale of various steel products in Taiwan. Its products portfolio includes steel coils and plates, round steel bars, stainless and alloy steel, and special steel. The company is also involved in the investment in various businesses, including manufacturing, securities investment, banking, and insurance, etc.; sale of metal products for architecture markets; manufacture and sale of metal products and energy related equipment; leasing and warehousing activities; and manufacturing and processing of metal structures, steel bridges, architectural components, and steel products; and cutting and processing of automobile steel plates. Hsin Kuang Steel Company Limited was incorporated in 1967 and is based in New Taipei City, Taiwan.
Hsin Kuang Steel Dividend Announcement
• Hsin Kuang Steel announced a annually dividend of NT$3.00 per ordinary share which will be made payable on 2024-08-01. Ex dividend date: 2024-07-03
• Hsin Kuang Steel annual dividend for 2024 was NT$3.00
• Hsin Kuang Steel annual dividend for 2023 was NT$1.00
• Hsin Kuang Steel's trailing twelve-month (TTM) dividend yield is 6.05%
• Hsin Kuang Steel's payout ratio for the trailing twelve months (TTM) is 51.47%
• Hsin Kuang Steel's dividend growth over the last five years (2018-2023) was -12.74% year
• Hsin Kuang Steel's dividend growth over the last ten years (2013-2023) was 7.18% year
Hsin Kuang Steel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-03 | NT$3.00 | annually | 2024-08-01 |
2023-07-06 | NT$1.00 | annually | 2023-08-07 |
2022-07-06 | NT$4.00 | annually | 2022-08-05 |
2021-08-10 | NT$1.92 | annually | 2021-09-09 |
2020-07-15 | NT$0.81 | annually | 2020-08-06 |
2019-07-16 | NT$1.50 | annually | 2019-08-08 |
2018-07-18 | NT$1.98 | annually | 2018-08-08 |
2017-07-05 | NT$1.00 | annually | 2017-08-04 |
2016-07-12 | NT$0.60 | annually | |
2015-07-09 | NT$1.00 | annually | |
2014-07-18 | NT$1.00 | annually | |
2013-07-02 | NT$0.50 | annually |
Hsin Kuang Steel Dividend per year
Hsin Kuang Steel Dividend growth
Hsin Kuang Steel Dividend Yield
Hsin Kuang Steel current trailing twelve-month (TTM) dividend yield is 6.05%. Interested in purchasing Hsin Kuang Steel stock? Use our calculator to estimate your expected dividend yield:
Hsin Kuang Steel Financial Ratios
Hsin Kuang Steel Dividend FAQ
Other factors to consider when evaluating Hsin Kuang Steel 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: Hsin Kuang Steel'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, Hsin Kuang Steel 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, Hsin Kuang Steel 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 Hsin Kuang Steel 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: Hsin Kuang Steel 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, Hsin Kuang Steel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hsin Kuang Steel 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 Hsin Kuang Steel'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 Hsin Kuang Steel'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.