InnoTek Limited, an investment holding company, operates as a precision metal components manufacturer in Singapore, Hong Kong, the People's Republic of China, and Thailand. Its Precision Components and Tooling Segment provides stamping components, and tooling design and fabrication services to automotive components, office automation, and consumer electronics products industries. This segment also offers die making services to manufacturers. Its Precision Machining segment engages in the machining of products for the TV and office automation industries; and provision of metal-related components for customers in TV, tablet, and mobile-phone industries. The company was formerly known as Magnecomp International Limited and changed its name to InnoTek Limited in November 2007. InnoTek Limited was incorporated in 1995 and is based in Singapore.
InnoTek Dividend Announcement
• InnoTek announced a annually dividend of S$0.02 per ordinary share which will be made payable on 2024-05-23. Ex dividend date: 2024-05-08
• InnoTek annual dividend for 2024 was S$0.02
• InnoTek annual dividend for 2023 was S$0.02
• InnoTek's trailing twelve-month (TTM) dividend yield is 4.71%
• InnoTek's payout ratio for the trailing twelve months (TTM) is 105.86%
• InnoTek's dividend growth over the last five years (2018-2023) was 14.87% year
InnoTek Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-08 | S$0.02 | annually | 2024-05-23 |
2023-05-09 | S$0.02 | annually | 2023-05-25 |
2022-05-11 | S$0.02 | annually | 2022-05-25 |
2022-05-09 | S$0.02 | annually | |
2021-05-07 | S$0.02 | annually | 2021-05-25 |
2020-06-15 | S$0.01 | annually | 2020-06-30 |
2019-05-07 | S$0.01 | annually | 2019-05-22 |
2018-05-04 | S$0.01 | annually | 2018-05-22 |
2017-05-04 | S$0.01 | annually | 2017-05-22 |
2014-05-06 | S$0.01 | annually | |
2013-05-07 | S$0.01 | annually | |
2012-05-07 | S$0.05 | annually | |
2011-05-05 | S$0.05 | annually |
InnoTek Dividend per year
InnoTek Dividend growth
InnoTek Dividend Yield
InnoTek current trailing twelve-month (TTM) dividend yield is 4.71%. Interested in purchasing InnoTek stock? Use our calculator to estimate your expected dividend yield:
InnoTek Financial Ratios
InnoTek Dividend FAQ
Other factors to consider when evaluating InnoTek 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: InnoTek'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, InnoTek 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, InnoTek 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 InnoTek 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: InnoTek 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, InnoTek distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: InnoTek 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 InnoTek'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 InnoTek'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.