Hunan Zhongke Electric Co., Ltd. develops, produces, and sells electromagnetic metallurgy products in China. The company offers continuous casting electromagnetic stirring, continuous rolling electromagnetic induction heating system, lifting magnetic equipment, iron remover, magnetic separator, reel, lithium battery automation electrical control equipment, lithium battery negative electrode Material magnetic separator complete sets of equipment, lithium battery cathode material magnetic separator, etc. It primarily serves iron and steel, transport, shipbuilding, machinery, mining, and other industries. The company also exports its products. Hunan Zhongke Electric Co., Ltd. was founded in 2004 and is based in Yueyang, China.
Hunan Zhongke Electric Dividend Announcement
• Hunan Zhongke Electric announced a annually dividend of ¥0.15 per ordinary share which will be made payable on 2024-06-05. Ex dividend date: 2024-06-05
• Hunan Zhongke Electric annual dividend for 2024 was ¥0.15
• Hunan Zhongke Electric annual dividend for 2023 was ¥0.15
• Hunan Zhongke Electric's trailing twelve-month (TTM) dividend yield is 0.95%
• Hunan Zhongke Electric's payout ratio for the trailing twelve months (TTM) is 61.97%
• Hunan Zhongke Electric's dividend growth over the last five years (2018-2023) was 49.63% year
Hunan Zhongke Electric Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-05 | ¥0.15 | annually | 2024-06-05 |
2023-05-25 | ¥0.15 | annually | 2023-05-25 |
2022-06-14 | ¥0.15 | annually | 2022-06-14 |
2021-06-23 | ¥0.10 | annually | 2021-06-23 |
2020-06-30 | ¥0.06 | annually | 2020-06-30 |
2019-05-28 | ¥0.03 | annually | 2019-05-28 |
2018-06-20 | ¥0.02 | annually | 2018-06-20 |
2017-06-09 | ¥0.10 | annually | 2017-06-09 |
2016-06-01 | ¥0.20 | annually | |
2015-07-10 | ¥0.10 | annually | |
2014-06-12 | ¥0.20 | annually | |
2012-06-13 | ¥0.20 | annually |
Hunan Zhongke Electric Dividend per year
Hunan Zhongke Electric Dividend growth
Hunan Zhongke Electric Dividend Yield
Hunan Zhongke Electric current trailing twelve-month (TTM) dividend yield is 0.95%. Interested in purchasing Hunan Zhongke Electric stock? Use our calculator to estimate your expected dividend yield:
Hunan Zhongke Electric Financial Ratios
Hunan Zhongke Electric Dividend FAQ
Other factors to consider when evaluating Hunan Zhongke Electric 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: Hunan Zhongke Electric'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, Hunan Zhongke Electric 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, Hunan Zhongke Electric 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 Hunan Zhongke Electric 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: Hunan Zhongke Electric 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, Hunan Zhongke Electric distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hunan Zhongke Electric 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 Hunan Zhongke Electric'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 Hunan Zhongke Electric'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.