Hyosung TNC Corporation manufactures and sells fiber in South Korea and internationally. It offers spandex for the textile industry under the creora brand name; nylon textile filaments, such as micro-fine denier yarn, bonding yarn, high tenacity yarn, hollow yarn, cool touch yarn, high luster yarn, and far-infrared yarn, as well as recyclable nylon; and polyester yarn products, including cotton-replicating polyester yarn, cool touch yarn, odor-resistant yarn, heat generating yarn, latent crimped yarn, far-infrared yarn, and recycled polyester fiber. The company also provides general apparel, workwear, and industrial fabrics; and dyed products comprising nylon 2-way spandex, polyester 2-way spandex, multiple microdenier fiber, cotton union cloth, and polyester fabrics. In addition, it offers marketing services in the trading sector with steel, chemicals, and LED markets. Further, the company operates Some Sevit, a floating structure; and a cold/frozen storage warehouse in the Seoul Metropolitan Area. Hyosung TNC Corporation was founded in 1957 and is headquartered in Seoul, South Korea.
Hyosung TNC Dividend Announcement
• Hyosung TNC announced a annually dividend of ₩10000.00 per ordinary share which will be made payable on 2024-04-02. Ex dividend date: 2023-12-27
• Hyosung TNC annual dividend for 2023 was ₩10000.00
• Hyosung TNC's trailing twelve-month (TTM) dividend yield is 3.38%
• Hyosung TNC's payout ratio for the trailing twelve months (TTM) is 54.08%
Hyosung TNC Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-27 | ₩10000.00 | annually | 2024-04-02 |
2022-12-28 | ₩10000.00 | annually | 2023-04-04 |
2021-12-29 | ₩50000.00 | annually | 2022-04-04 |
2020-12-29 | ₩5000.00 | annually | 2021-04-02 |
2019-12-27 | ₩2000.00 | annually | 2020-03-24 |
2018-12-27 | ₩1000.00 | annually | 2019-04-03 |
Hyosung TNC Dividend per year
Hyosung TNC Dividend growth
Hyosung TNC Dividend Yield
Hyosung TNC current trailing twelve-month (TTM) dividend yield is 3.38%. Interested in purchasing Hyosung TNC stock? Use our calculator to estimate your expected dividend yield:
Hyosung TNC Financial Ratios
Hyosung TNC Dividend FAQ
Other factors to consider when evaluating Hyosung TNC 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 TNC'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 TNC 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 TNC 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 TNC 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 TNC 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 TNC 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 TNC 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 TNC'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 TNC'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.