Letong Chemical Co.,LTD researches, develops, produces, and sells medium and high-end ink coatings in China. The company offers beverage, food, and cigarette packaging; gravure inks, flexographic inks, screen printing inks, etc.; and Internet advertising and marketing. It also exports its products. Letong Chemical Co.,LTD was founded in 1996 and is based in Zhuhai, China.
Letong Chemical Dividend Announcement
• Letong Chemical announced a annually dividend of ¥0.02 per ordinary share which will be made payable on 2018-07-06. Ex dividend date: 2018-07-06
• Letong Chemical's trailing twelve-month (TTM) dividend yield is -%
• Letong Chemical's payout ratio for the trailing twelve months (TTM) is -45.64%
Letong Chemical Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2018-07-06 | ¥0.02 | annually | 2018-07-06 |
| 2016-07-22 | ¥0.01 | annually | |
| 2015-06-19 | ¥0.01 | annually | |
| 2014-06-20 | ¥0.03 | annually | |
| 2013-03-04 | ¥0.10 | annually | |
| 2012-07-12 | ¥0.05 | annually | |
| 2011-06-27 | ¥0.10 | annually | |
| 2010-04-21 | ¥0.10 | annually |
Letong Chemical Dividend per year
Letong Chemical Dividend growth
Letong Chemical Dividend Yield
Letong Chemical current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Letong Chemical stock? Use our calculator to estimate your expected dividend yield:
Letong Chemical Financial Ratios
P/E ratio-114.36
PEG ratio3.48
P/B ratio41.79
ROE-31.47%
Payout ratio-45.64%
Current ratio0.50
Quick ratio0.41
Cash Ratio0.02
Letong Chemical Dividend FAQ
Does Letong Chemical stock pay dividends?
Letong Chemical does not currently pay dividends to its shareholders.
Has Letong Chemical ever paid a dividend?
No, Letong Chemical has no a history of paying dividends to its shareholders. Letong Chemical is not known for its dividend payments.
Why doesn't Letong Chemical pay dividends?
There are several potential reasons why Letong Chemical 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.
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 Letong Chemical 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 Letong Chemical 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 Letong Chemical a dividend aristocrat?
Letong Chemical 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 Letong Chemical a dividend king?
Letong Chemical 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 Letong Chemical a dividend stock?
No, Letong Chemical 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 Letong Chemical stocks?
To buy Letong Chemical 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 Letong Chemical 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.
Place an order: Use the brokerage's trading platform to place an order to buy Letong Chemical 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.