Hyosung Corporation, together with its subsidiaries, engages in the textile, trading, power and industrial systems, construction, industrial materials, chemicals, and information and communication businesses in Korea and internationally. It manufactures spandex, polyester and nylon yarns, and dyed products under the creora brand; fabrics for general apparel, workwear, and industrial purposes; exports steel and metal products; trades in chemicals; provides LED lighting and application products for household, industrial, and commercial purposes; and engages in warehousing and storage, and logistics activities. The company also offers transformers, circuit breakers, shunt reactors, switchgears, and STATCOM and high voltage direct current transmission products; turnkey solutions; condition monitoring systems; asset health management solutions; power system maintenance and automation, and process automation solutions; motors and generators; energy storage systems, solar inverters and EPC products, and wind turbines; chemical equipment, filling stations, industrial gas supplying systems, gear boxes, geared motors, special gear units, pumps, desalination systems, and welding machines. In addition, it engages in civil engineering, construction, and residential development activities. Further, the company provides yarns, textiles, and cord materials for use in automobiles, civil engineering and construction, agriculture, military, etc.; polypropylene under the TOPILENE brand, purified terephthalic acid, nylon and polyester films, nitrogen trifluoride, F2/N2 mixture, optical films, polyketone under the POKETONE brand, and fluorine gas. Additionally, it provides hardware and software ICT services; and business solutions to IT services and contact center, as well as manufactures LED display systems, construction landscape lighting, and LED lighting equipment; and operates a financial platform. The company was founded in 1966 and is based in Seoul, South Korea.
Hyosung Dividend Announcement
• Hyosung announced a annually dividend of ₩3000.00 per ordinary share which will be made payable on 2024-04-02. Ex dividend date: 2023-12-27
• Hyosung annual dividend for 2023 was ₩3000.00
• Hyosung's trailing twelve-month (TTM) dividend yield is 5.99%
• Hyosung's payout ratio for the trailing twelve months (TTM) is 42.00%
• Hyosung's dividend growth over the last five years (2018-2023) was -9.71% year
• Hyosung's dividend growth over the last ten years (2013-2023) was 11.61% year
Hyosung Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-27 | ₩3000.00 | annually | 2024-04-02 |
2022-12-28 | ₩4500.00 | annually | 2023-04-04 |
2021-12-29 | ₩6500.00 | annually | 2022-04-04 |
2020-12-29 | ₩5000.00 | annually | 2021-04-02 |
2019-12-27 | ₩5000.00 | annually | 2020-03-25 |
2018-12-27 | ₩5000.00 | annually | 2019-04-04 |
2017-12-27 | ₩5000.00 | annually | 2018-04-04 |
2016-12-28 | ₩5000.00 | annually | |
2015-12-29 | ₩3500.00 | annually | |
2014-12-29 | ₩2000.00 | annually | |
2013-12-27 | ₩1000.00 | annually | |
2012-12-27 | ₩1000.00 | annually |
Hyosung Dividend per year
Hyosung Dividend growth
Hyosung Dividend Yield
Hyosung current trailing twelve-month (TTM) dividend yield is 5.99%. Interested in purchasing Hyosung stock? Use our calculator to estimate your expected dividend yield:
Hyosung Financial Ratios
Hyosung Dividend FAQ
Other factors to consider when evaluating Hyosung 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: Hyosung'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, Hyosung 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, Hyosung 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 Hyosung 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: Hyosung 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, Hyosung distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hyosung 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 Hyosung'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 Hyosung'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.