Hsino Tower Group Co., Ltd. engages in the research, development, production, and sales of transmission line towers. Its products include angle steel towers, steel pipe towers, steel pipe poles, and substation structure supports. The company was founded on June 27, 1985 and is headquartered in Jinan, China.
HSINO TOWER CO Dividend Announcement
• HSINO TOWER CO announced a semi annually dividend of ¥0.01 per ordinary share which will be made payable on 2024-10-22. Ex dividend date: 2024-10-22
• HSINO TOWER CO annual dividend for 2024 was ¥0.03
• HSINO TOWER CO's trailing twelve-month (TTM) dividend yield is 0.57%
• HSINO TOWER CO's payout ratio for the trailing twelve months (TTM) is 22.53%
HSINO TOWER CO Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-10-22 | ¥0.01 | semi annually | 2024-10-22 |
| 2024-07-08 | ¥0.01 | semi annually | 2024-07-08 |
HSINO TOWER CO Dividend per year
HSINO TOWER CO Dividend Yield
HSINO TOWER CO current trailing twelve-month (TTM) dividend yield is 0.57%. Interested in purchasing HSINO TOWER CO stock? Use our calculator to estimate your expected dividend yield:
HSINO TOWER CO Financial Ratios
P/E ratio55.99
PEG ratio0.56
P/B ratio2.75
ROE4.98%
Payout ratio22.53%
Current ratio1.61
Quick ratio1.13
Cash Ratio0.27
HSINO TOWER CO Dividend FAQ
Does HSINO TOWER CO stock pay dividends?
HSINO TOWER CO does not currently pay dividends to its shareholders.
Has HSINO TOWER CO ever paid a dividend?
No, HSINO TOWER CO has no a history of paying dividends to its shareholders. HSINO TOWER CO is not known for its dividend payments.
Why doesn't HSINO TOWER CO pay dividends?
There are several potential reasons why HSINO TOWER CO would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will HSINO TOWER CO ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While HSINO TOWER CO has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is HSINO TOWER CO a dividend aristocrat?
HSINO TOWER CO is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is HSINO TOWER CO a dividend king?
HSINO TOWER CO is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is HSINO TOWER CO a dividend stock?
No, HSINO TOWER CO is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy HSINO TOWER CO stocks?
To buy HSINO TOWER CO you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy HSINO TOWER CO stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy HSINO TOWER CO stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.