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Jiangsu Hongde Special Parts Co.,Ltd. develops, produces, and sells cast iron and aluminum products in China. It offers wind power products, such as wheel hubs, planet carriers, bases, and reaction arms; aluminum products, including high voltage power transmission and transformation products, medical instruments, and medical equipment-MRI and CT machine parts; and pump valve products. The company was founded in 2002 and is based in Tongzhou, China.

Jiangsu Hongde Special Parts Dividend Announcement

Jiangsu Hongde Special Parts announced a annually dividend of ¥0.25 per ordinary share which will be made payable on 2024-06-13. Ex dividend date: 2024-06-13
Jiangsu Hongde Special Parts annual dividend for 2024 was ¥0.25
Jiangsu Hongde Special Parts annual dividend for 2023 was ¥0.25
Jiangsu Hongde Special Parts's trailing twelve-month (TTM) dividend yield is 1.07%
Jiangsu Hongde Special Parts's payout ratio for the trailing twelve months (TTM) is 137.67%

Jiangsu Hongde Special Parts Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-13¥0.25annually2024-06-13
2023-05-26¥0.25annually2023-05-26

Jiangsu Hongde Special Parts Dividend per year

Jiangsu Hongde Special Parts Dividend Yield

Jiangsu Hongde Special Parts current trailing twelve-month (TTM) dividend yield is 1.07%. Interested in purchasing Jiangsu Hongde Special Parts stock? Use our calculator to estimate your expected dividend yield:

Jiangsu Hongde Special Parts Financial Ratios

P/E ratio59.72
PEG ratio0.95
P/B ratio1.70
ROE2.84%
Payout ratio137.67%
Current ratio3.22
Quick ratio2.32
Cash Ratio1.05

Jiangsu Hongde Special Parts Dividend FAQ

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