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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-20 | ¥0.12 | annually | 2024-06-20 |
2022-06-22 | ¥0.10 | annually | 2022-06-22 |
2019-04-16 | ¥0.10 | annually | 2019-04-16 |
2014-06-10 | ¥0.04 | annually | |
2012-04-11 | ¥0.20 | annually | |
2011-04-29 | ¥0.20 | annually |
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
Longxing Chemical Stock Dividend FAQ
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.
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