Iljin Electric Co.,Ltd operates as a heavy electric machinery company worldwide. The company offers heavy electric systems, including high voltage substation facilities, power distribution equipment, fittings, and smart electricity devices; and power cables and systems, such as high voltage cable and accessories, insulated wire, medium and low voltage cable, and overhead transmission line. It also provides mechanical and electrical copper rods, and aluminum rods; and renewable energy solutions, including photovoltaic power plant EPC. The company was founded in 1968 and is headquartered in Seoul, South Korea. Iljin Electric Co.,Ltd is a subsidiary of ILJIN Holdings Co., Ltd.
Iljin Electric Dividend Announcement
• Iljin Electric announced a annually dividend of ₩220.00 per ordinary share which will be made payable on 2024-04-18. Ex dividend date: 2023-12-27
• Iljin Electric annual dividend for 2023 was ₩220.00
• Iljin Electric's trailing twelve-month (TTM) dividend yield is 0.77%
• Iljin Electric's payout ratio for the trailing twelve months (TTM) is 28.53%
Iljin Electric Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-27 | ₩220.00 | annually | 2024-04-18 |
2022-12-28 | ₩122.93 | annually | 2023-04-17 |
2021-12-29 | ₩100.00 | annually | 2022-04-18 |
2020-12-29 | ₩60.00 | annually | 2021-04-16 |
2017-12-27 | ₩60.00 | annually | 2018-04-23 |
2016-12-28 | ₩60.00 | annually | |
2015-12-29 | ₩80.00 | annually | |
2014-12-29 | ₩80.00 | annually | |
2013-12-27 | ₩70.00 | annually | |
2012-12-27 | ₩50.00 | annually | |
2011-12-28 | ₩80.00 | annually | |
2010-12-29 | ₩100.00 | annually |
Iljin Electric Dividend per year
Iljin Electric Dividend growth
Iljin Electric Dividend Yield
Iljin Electric current trailing twelve-month (TTM) dividend yield is 0.77%. Interested in purchasing Iljin Electric stock? Use our calculator to estimate your expected dividend yield:
Iljin Electric Financial Ratios
Iljin Electric Dividend FAQ
Other factors to consider when evaluating Iljin 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: Iljin 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, Iljin 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, Iljin 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 Iljin 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: Iljin 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, Iljin 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: Iljin 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 Iljin 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 Iljin 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.