Jiangsu Tongguang Electronic Wire & Cable Co., Ltd. produces and sells wires and cables in the People's Republic of China and internationally. The company offers fiber optic cables, power transmission cables, and equipment cables that can be used in telecommunication, mobile, radio and television, electric power, railway, other communication, and overhead transmission lines, as well as power cables for construction, urban lighting, wind power projects, transportation projects, etc. It also provides energy-saving conductors. The company was founded in 2000 and is based in Haimen, China. Jiangsu Tongguang Electronic Wire & Cable Co., Ltd. is a subsidiary of Tongguang Group Co., Ltd.
Jiangsu Tongguang Electronic Wire & Cable Dividend Announcement
• Jiangsu Tongguang Electronic Wire & Cable announced a annually dividend of ¥0.08 per ordinary share which will be made payable on 2024-07-04. Ex dividend date: 2024-07-04
• Jiangsu Tongguang Electronic Wire & Cable annual dividend for 2024 was ¥0.08
• Jiangsu Tongguang Electronic Wire & Cable annual dividend for 2023 was ¥0.03
• Jiangsu Tongguang Electronic Wire & Cable's trailing twelve-month (TTM) dividend yield is 0.95%
• Jiangsu Tongguang Electronic Wire & Cable's payout ratio for the trailing twelve months (TTM) is 98.90%
• Jiangsu Tongguang Electronic Wire & Cable's dividend growth over the last five years (2018-2023) was 10.76% year
• Jiangsu Tongguang Electronic Wire & Cable's dividend growth over the last ten years (2013-2023) was -12.94% year
Jiangsu Tongguang Electronic Wire & Cable Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-04 | ¥0.08 | annually | 2024-07-04 |
2023-05-31 | ¥0.03 | annually | 2023-05-31 |
2022-06-20 | ¥0.02 | annually | 2022-06-20 |
2021-06-28 | ¥0.02 | annually | 2021-06-28 |
2020-06-16 | ¥0.01 | annually | 2020-06-16 |
2019-06-21 | ¥0.01 | annually | 2019-06-21 |
2018-07-13 | ¥0.01 | annually | 2018-07-13 |
2017-06-19 | ¥0.05 | annually | 2017-06-19 |
2016-07-08 | ¥0.05 | annually | |
2015-06-02 | ¥0.10 | annually | |
2014-06-09 | ¥0.10 | annually | |
2013-06-21 | ¥0.10 | annually |
Jiangsu Tongguang Electronic Wire & Cable Dividend per year
Jiangsu Tongguang Electronic Wire & Cable Dividend growth
Jiangsu Tongguang Electronic Wire & Cable Dividend Yield
Jiangsu Tongguang Electronic Wire & Cable current trailing twelve-month (TTM) dividend yield is 0.95%. Interested in purchasing Jiangsu Tongguang Electronic Wire & Cable stock? Use our calculator to estimate your expected dividend yield:
Jiangsu Tongguang Electronic Wire & Cable Financial Ratios
Jiangsu Tongguang Electronic Wire & Cable Dividend FAQ
Other factors to consider when evaluating Jiangsu Tongguang Electronic Wire & Cable 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: Jiangsu Tongguang Electronic Wire & Cable'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, Jiangsu Tongguang Electronic Wire & Cable 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, Jiangsu Tongguang Electronic Wire & Cable 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 Jiangsu Tongguang Electronic Wire & Cable 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: Jiangsu Tongguang Electronic Wire & Cable 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, Jiangsu Tongguang Electronic Wire & Cable distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Jiangsu Tongguang Electronic Wire & Cable 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 Jiangsu Tongguang Electronic Wire & Cable'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 Jiangsu Tongguang Electronic Wire & Cable'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.