Hyundai Steel Company, together with its subsidiaries, manufactures and sells steel and other industrial metal products in Korea, Asia, the United States, and Europe. The company offers hot and cold rolled steel sheets, steel plates, ERW and steel pipes, reinforcing bars, H-sections, special steel bars, cold rolled stainless steel sheets, heavy machinery, and automotive parts; angle, channel, I beam, steel sheet pile, and railway rail sections; and rolling, steel plate, and rod-type steel rolls for shipbuilding, automobile, and construction industries. The company was formerly known as INI Steel Company and changed its name to Hyundai Steel Company in March 2006. Hyundai Steel Company was founded in 1953 and is headquartered in Seoul, South Korea.
Hyundai Steel Dividend Announcement
• Hyundai Steel announced a annually dividend of ₩1000.00 per ordinary share which will be made payable on . Ex dividend date: 2024-03-28
• Hyundai Steel annual dividend for 2024 was ₩1000.00
• Hyundai Steel's trailing twelve-month (TTM) dividend yield is 4.73%
• Hyundai Steel's payout ratio for the trailing twelve months (TTM) is -68.62%
Hyundai Steel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-28 | ₩1000.00 | annually | |
2022-12-28 | ₩1000.00 | annually | 2023-04-21 |
2021-12-29 | ₩1000.00 | annually | 2022-04-25 |
2020-12-29 | ₩500.00 | annually | 2021-04-23 |
2019-12-27 | ₩750.00 | annually | 2020-04-27 |
2018-12-27 | ₩750.00 | annually | 2019-04-22 |
2017-12-27 | ₩750.00 | annually | 2018-04-13 |
2016-12-28 | ₩750.00 | annually | |
2015-12-29 | ₩750.00 | annually | |
2014-12-29 | ₩750.00 | annually | |
2013-12-27 | ₩500.00 | annually | |
2012-12-27 | ₩500.00 | annually |
Hyundai Steel Dividend per year
Hyundai Steel Dividend growth
Hyundai Steel Dividend Yield
Hyundai Steel current trailing twelve-month (TTM) dividend yield is 4.73%. Interested in purchasing Hyundai Steel stock? Use our calculator to estimate your expected dividend yield:
Hyundai Steel Financial Ratios
Hyundai Steel Dividend FAQ
Other factors to consider when evaluating Hyundai Steel 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: Hyundai Steel'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, Hyundai Steel 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, Hyundai Steel 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 Hyundai Steel 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: Hyundai Steel 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, Hyundai Steel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hyundai Steel 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 Hyundai Steel'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 Hyundai Steel'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.