Jinxi Axle Company Limited engages in the production and sale of axles, railway vehicles, wheel sets, bolster side frames, bogies, and other products primarily in China. The company also offers flat cars, tank cars, box cars, and stone ballast hopper cars, light tankers, gondolas, shared cars, and electric flat cars; and other products, such as brake cylinder push rods, middle tie rods, control lever, and front cover and rear stop products, as well as casting products and defense equipment. Its axle products are used in railway freight cars, passenger cars, subways, light rails, locomotives, motor cars, etc. The company also exports its products to approximately 20 countries. Jinxi Axle Company Limited is based in Taiyuan, China.
Jinxi Axle Dividend Announcement
• Jinxi Axle announced a annually dividend of ¥0.01 per ordinary share which will be made payable on 2024-06-12. Ex dividend date: 2024-06-12
• Jinxi Axle annual dividend for 2024 was ¥0.01
• Jinxi Axle annual dividend for 2023 was ¥0.01
• Jinxi Axle's trailing twelve-month (TTM) dividend yield is 0.3%
• Jinxi Axle's payout ratio for the trailing twelve months (TTM) is 85.00%
• Jinxi Axle's dividend growth over the last five years (2018-2023) was -12.94% year
Jinxi Axle Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-12 | ¥0.01 | annually | 2024-06-12 |
2023-07-28 | ¥0.01 | annually | 2023-07-28 |
2022-07-06 | ¥0.01 | annually | 2022-07-06 |
2021-07-30 | ¥0.01 | annually | 2021-07-30 |
2020-08-07 | ¥0.02 | annually | 2020-08-07 |
2019-06-06 | ¥0.01 | annually | 2019-06-06 |
2018-07-12 | ¥0.01 | annually | 2018-07-12 |
2016-06-17 | ¥0.03 | annually | |
2015-07-09 | ¥0.07 | annually | |
2014-08-04 | ¥0.10 | annually | |
2013-05-31 | ¥0.08 | annually | |
2012-07-17 | ¥0.04 | annually |
Jinxi Axle Dividend per year
Jinxi Axle Dividend growth
Jinxi Axle Dividend Yield
Jinxi Axle current trailing twelve-month (TTM) dividend yield is 0.3%. Interested in purchasing Jinxi Axle stock? Use our calculator to estimate your expected dividend yield:
Jinxi Axle Financial Ratios
Jinxi Axle Dividend FAQ
Other factors to consider when evaluating Jinxi Axle 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: Jinxi Axle'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, Jinxi Axle 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, Jinxi Axle 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 Jinxi Axle 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: Jinxi Axle 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, Jinxi Axle distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Jinxi Axle 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 Jinxi Axle'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 Jinxi Axle'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.