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Hunan Corun New Energy Co., Ltd. operates in the energy storage industry in China. The company manufactures battery materials, including continuous band-shaped nickel foam and punched nickel-plated steel band; battery components, such as positive and negative electrode plates of Ni-MH batteries; batteries for civil use; automotive batteries; and hybrid assembly systems. It also engages in the non-ferrous metal trading business. Hunan Corun New Energy Co., Ltd. was founded in 1998 and is headquartered in Changsha, China.

Hunan Corun New Energy Dividend Announcement

Hunan Corun New Energy announced a annually dividend of ¥0.01 per ordinary share which will be made payable on 2024-08-16. Ex dividend date: 2024-08-16
Hunan Corun New Energy annual dividend for 2024 was ¥0.01
Hunan Corun New Energy's trailing twelve-month (TTM) dividend yield is 0.35%
Hunan Corun New Energy's payout ratio for the trailing twelve months (TTM) is -237.60%

Hunan Corun New Energy Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-16¥0.01annually2024-08-16
2010-08-18¥0.03annually
2008-08-19¥0.12annually
2007-08-21¥0.02annually
2005-06-10¥0.12annually
2004-06-21¥0.15annually

Hunan Corun New Energy Dividend per year

Hunan Corun New Energy Dividend growth

Hunan Corun New Energy Dividend Yield

Hunan Corun New Energy current trailing twelve-month (TTM) dividend yield is 0.35%. Interested in purchasing Hunan Corun New Energy stock? Use our calculator to estimate your expected dividend yield:

Hunan Corun New Energy Financial Ratios

P/E ratio-96.96
PEG ratio-1.02
P/B ratio2.63
ROE-2.70%
Payout ratio-237.60%
Current ratio0.73
Quick ratio0.66
Cash Ratio0.45

Hunan Corun New Energy Dividend FAQ

Does Hunan Corun New Energy stock pay dividends?
Hunan Corun New Energy does not currently pay dividends to its shareholders.
Has Hunan Corun New Energy ever paid a dividend?
No, Hunan Corun New Energy has no a history of paying dividends to its shareholders. Hunan Corun New Energy is not known for its dividend payments.
Why doesn't Hunan Corun New Energy pay dividends?
There are several potential reasons why Hunan Corun New Energy 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.
Will Hunan Corun New Energy 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 Hunan Corun New Energy 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 Hunan Corun New Energy a dividend aristocrat?
Hunan Corun New Energy 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 Hunan Corun New Energy a dividend king?
Hunan Corun New Energy 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 Hunan Corun New Energy a dividend stock?
No, Hunan Corun New Energy 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 Hunan Corun New Energy stocks?
To buy Hunan Corun New Energy 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 Hunan Corun New Energy 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.