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IT Tech Packaging, Inc., through its subsidiaries, engages in the production and distribution of paper products in the People's Republic of China. The company offers corrugating medium papers to companies making corrugating cardboards; and offset printing papers to printing companies. It also provides tissue paper products, including toilet papers, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Dongfang Paper brand. In addition, the company produces and sells non-medical single-use face masks, and medical face masks. The company was formerly known as Orient Paper, Inc. and changed its name to IT Tech Packaging, Inc. in August 2018. IT Tech Packaging, Inc. was founded in 1996 and is headquartered in Baoding, the People's' Republic of China.

IT Tech Packaging Dividend Announcement

• IT Tech Packaging announced a semi annually dividend of $0.01 per ordinary share which will be made payable on 2013-12-16. Ex dividend date: 2013-11-26
• IT Tech Packaging's trailing twelve-month (TTM) dividend yield is -%

IT Tech Packaging Dividend History

Ex-Div dateDividend amountDividend typePay date
2013-11-26$0.01semi annually2013-12-16
2013-04-12$0.01semi annually2013-04-30
2012-12-13$0.01semi annually2012-12-31
2012-09-12$0.01semi annually2012-10-01
2012-06-13$0.01semi annually2012-07-02

IT Tech Packaging Dividend per year

IT Tech Packaging Dividend Yield

IT Tech Packaging current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing IT Tech Packaging stock? Use our calculator to estimate your expected dividend yield:

IT Tech Packaging Financial Ratios

P/E ratio-0.24
PEG ratio0.02
P/B ratio0.01
ROE-5.92%
Payout ratio0.00%
Current ratio1.59
Quick ratio1.31
Cash Ratio0.21

IT Tech Packaging Dividend FAQ

Does IT Tech Packaging stock pay dividends?
IT Tech Packaging does not currently pay dividends to its shareholders.
Has IT Tech Packaging ever paid a dividend?
No, IT Tech Packaging has no a history of paying dividends to its shareholders. IT Tech Packaging is not known for its dividend payments.
Why doesn't IT Tech Packaging pay dividends?
There are several potential reasons why IT Tech Packaging 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.
Will IT Tech Packaging 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 IT Tech Packaging 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 IT Tech Packaging a dividend aristocrat?
IT Tech Packaging 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 IT Tech Packaging a dividend king?
IT Tech Packaging 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 IT Tech Packaging a dividend stock?
No, IT Tech Packaging 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 IT Tech Packaging stocks?
To buy IT Tech Packaging 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 IT Tech Packaging 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.