Hsin Yung Chien Co., Ltd. manufactures and sells rubber conveyor belts, rubber sheets, and hot-pressing cushion pads and composite materials in Taiwan and internationally. The company's product portfolio includes straight warp, light duty, Chevron, Kevlar, and steel cord conveyor belts; specialty conveyor belts include heat, oil, flame, abrasion, cold, and chemical resistant conveyor belts; and pipe, rip stop, side wall, and EP/NN conveyor belts, as well as seal belts and bucket elevator belts under the KING brand. Its conveyor belts are used in a range of applications comprising mining, steel, aviation, agriculture, logistics, and pier automatic production. The company also provides electronic level hot and solar panel pressing cushion pads under the Silieet brand name. In addition, it offers composite materials for car parts, bicycle parts, and customer goods under the NEWsheet brand name. The company was formerly known as Hsin Yung Chien Industrial Co., Ltd. and changed its name to Hsin Yung Chien Co., Ltd. in 2003. Hsin Yung Chien Co., Ltd. was founded in 1964 and is based in Nantou City, Taiwan.
Hsin Yung Chien Dividend Announcement
• Hsin Yung Chien announced a annually dividend of NT$5.00 per ordinary share which will be made payable on 2024-07-01. Ex dividend date: 2024-05-31
• Hsin Yung Chien annual dividend for 2024 was NT$5.00
• Hsin Yung Chien annual dividend for 2023 was NT$5.00
• Hsin Yung Chien's trailing twelve-month (TTM) dividend yield is 5.25%
• Hsin Yung Chien's payout ratio for the trailing twelve months (TTM) is 92.22%
• Hsin Yung Chien's dividend growth over the last five years (2018-2023) was 2.92% year
• Hsin Yung Chien's dividend growth over the last ten years (2013-2023) was 2.42% year
Hsin Yung Chien Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-31 | NT$5.00 | annually | 2024-07-01 |
2023-07-13 | NT$5.00 | annually | 2023-08-09 |
2022-07-12 | NT$7.00 | annually | 2022-08-12 |
2021-08-26 | NT$5.00 | annually | 2021-09-30 |
2020-07-10 | NT$4.55 | annually | 2020-08-14 |
2019-08-23 | NT$4.55 | annually | 2019-09-27 |
2018-07-12 | NT$4.33 | annually | 2018-08-16 |
2017-07-10 | NT$4.33 | annually | 2017-08-14 |
2016-07-13 | NT$4.33 | annually | |
2015-07-13 | NT$4.33 | annually | |
2014-08-11 | NT$3.58 | annually | |
2013-07-15 | NT$3.94 | annually |
Hsin Yung Chien Dividend per year
Hsin Yung Chien Dividend growth
Hsin Yung Chien Dividend Yield
Hsin Yung Chien current trailing twelve-month (TTM) dividend yield is 5.25%. Interested in purchasing Hsin Yung Chien stock? Use our calculator to estimate your expected dividend yield:
Hsin Yung Chien Financial Ratios
Hsin Yung Chien Dividend FAQ
Other factors to consider when evaluating Hsin Yung Chien 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 Yung Chien'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 Yung Chien 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 Yung Chien 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 Yung Chien 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 Yung Chien 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 Yung Chien 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 Yung Chien 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 Yung Chien'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 Yung Chien'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.