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Longxing Chemical Stock Co., Ltd. produces and sells carbon black products under the Longxing brand in China. The company offers carbon black, precipitated silica, and polyvinylidene fluoride products. Its carbon black is used in all-steel, semi-steel radial tires, and inner tubes; used for auto parts, including sealing strips of doors and windows, oil tubes, and brake pads; and serves as an ingredient in rubber, building materials, electronics, papers, plastics, color masterbatches, paints, fuels, chemical fibers, and fiber coloring. The company was formerly known as Hebei Longxing Chemical Stock Co., Ltd. and changed its name to Longxing Chemical Stock Co., Ltd. in January 2008. Longxing Chemical Stock Co., Ltd. was incorporated in 1994 and is based in Shahe, China.

Longxing Chemical Stock Dividend Announcement

Longxing Chemical Stock announced a annually dividend of ¥0.12 per ordinary share which will be made payable on 2024-06-20. Ex dividend date: 2024-06-20
Longxing Chemical Stock annual dividend for 2024 was ¥0.12
Longxing Chemical Stock's trailing twelve-month (TTM) dividend yield is 2.12%
Longxing Chemical Stock's payout ratio for the trailing twelve months (TTM) is 97.73%

Longxing Chemical Stock Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-20¥0.12annually2024-06-20
2022-06-22¥0.10annually2022-06-22
2019-04-16¥0.10annually2019-04-16
2014-06-10¥0.04annually
2012-04-11¥0.20annually
2011-04-29¥0.20annually

Longxing Chemical Stock Dividend per year

Longxing Chemical Stock Dividend Yield

Longxing Chemical Stock current trailing twelve-month (TTM) dividend yield is 2.12%. Interested in purchasing Longxing Chemical Stock stock? Use our calculator to estimate your expected dividend yield:

Longxing Chemical Stock Financial Ratios

P/E ratio23.81
PEG ratio-0.43
P/B ratio1.50
ROE6.53%
Payout ratio97.73%
Current ratio2.13
Quick ratio1.69
Cash Ratio0.14

Longxing Chemical Stock Dividend FAQ

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