Inner Mongolia Dazhong Mining Co., Ltd. engages in the mining and dressing of iron ore. It offers fine iron powder, pellets, machine-made sand, and gravel. The company was founded in 1999 and is based in Bayannur, the People's Republic of China.
Inner Mongolia Dazhong Mining Dividend Announcement
• Inner Mongolia Dazhong Mining announced a annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-10-29. Ex dividend date: 2024-10-29
• Inner Mongolia Dazhong Mining annual dividend for 2024 was ¥0.10
• Inner Mongolia Dazhong Mining annual dividend for 2023 was ¥0.30
• Inner Mongolia Dazhong Mining's trailing twelve-month (TTM) dividend yield is 1.05%
• Inner Mongolia Dazhong Mining's payout ratio for the trailing twelve months (TTM) is 26.39%
Inner Mongolia Dazhong Mining Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-10-29 | ¥0.10 | annually | 2024-10-29 |
| 2023-05-16 | ¥0.30 | annually | 2023-05-16 |
| 2021-09-30 | ¥0.40 | annually | 2021-09-30 |
Inner Mongolia Dazhong Mining Dividend per year
Inner Mongolia Dazhong Mining Dividend Yield
Inner Mongolia Dazhong Mining current trailing twelve-month (TTM) dividend yield is 1.05%. Interested in purchasing Inner Mongolia Dazhong Mining stock? Use our calculator to estimate your expected dividend yield:
Inner Mongolia Dazhong Mining Financial Ratios
P/E ratio15.40
PEG ratio0.18
P/B ratio2.29
ROE15.66%
Payout ratio26.39%
Current ratio0.33
Quick ratio0.22
Cash Ratio0.13
Inner Mongolia Dazhong Mining Dividend FAQ
Does Inner Mongolia Dazhong Mining stock pay dividends?
Inner Mongolia Dazhong Mining does not currently pay dividends to its shareholders.
Has Inner Mongolia Dazhong Mining ever paid a dividend?
No, Inner Mongolia Dazhong Mining has no a history of paying dividends to its shareholders. Inner Mongolia Dazhong Mining is not known for its dividend payments.
Why doesn't Inner Mongolia Dazhong Mining pay dividends?
There are several potential reasons why Inner Mongolia Dazhong Mining would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Inner Mongolia Dazhong Mining ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Inner Mongolia Dazhong Mining has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Inner Mongolia Dazhong Mining a dividend aristocrat?
Inner Mongolia Dazhong Mining is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Inner Mongolia Dazhong Mining a dividend king?
Inner Mongolia Dazhong Mining is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Inner Mongolia Dazhong Mining a dividend stock?
No, Inner Mongolia Dazhong Mining is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Inner Mongolia Dazhong Mining stocks?
To buy Inner Mongolia Dazhong Mining you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy Inner Mongolia Dazhong Mining stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Inner Mongolia Dazhong Mining stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.