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Luoyang Northglass Technology Co.,Ltd designs, develops, and manufactures glass deep processing equipment in China. The company's deep processing equipment comprise glass tempering furnaces, coating lines, glass automation systems, glass cutting machines, glass storage systems, buffer systems, and vertical seaming and washer machines. It also offers deep processed glass products, such as laminated, coated, curved, insulating, printed, and toughened glass products; and HVLS and general fans. The company also exports its products to approximately 80 countries, such as the United States, the United Kingdom, Germany, France, Switzerland, Japan, Russia, India, Brazil, Argentina, Saudi Arabia, Egypt, Turkey, etc. The company was founded in 1995 and is based in Luoyang, China.

Luoyang Northglass Technology Dividend Announcement

• Luoyang Northglass Technology announced a annually dividend of ¥0.07 per ordinary share which will be made payable on 2024-06-28. Ex dividend date: 2024-06-28
• Luoyang Northglass Technology annual dividend for 2024 was ¥0.07
• Luoyang Northglass Technology's trailing twelve-month (TTM) dividend yield is 1.44%
• Luoyang Northglass Technology's payout ratio for the trailing twelve months (TTM) is 74.64%

Luoyang Northglass Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-28¥0.07annually2024-06-28
2021-06-22¥0.04annually2021-06-22
2016-05-19¥0.02annually
2014-06-06¥0.06annually
2012-06-06¥0.30annually

Luoyang Northglass Technology Dividend per year

Luoyang Northglass Technology Dividend Yield

Luoyang Northglass Technology current trailing twelve-month (TTM) dividend yield is 1.44%. Interested in purchasing Luoyang Northglass Technology stock? Use our calculator to estimate your expected dividend yield:

Luoyang Northglass Technology Financial Ratios

P/E ratio50.38
PEG ratio48.79
P/B ratio2.48
ROE4.94%
Payout ratio74.64%
Current ratio2.25
Quick ratio1.67
Cash Ratio0.71

Luoyang Northglass Technology Dividend FAQ

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