Luyang Energy-Saving Materials Co., Ltd. researches and develops, produces, and sells energy-saving products in the field of ceramic fiber, alumina fiber, soluble fiber, basalt fiber, and insulating firebrick in China and internationally. The company offers ceramic fiber blankets, bulks, boards, BL boars, papers, modules, and textiles; soluble fiber boards, blankets, bulks, papers, modules, and textiles; and alumina fiber modules, veneer strips and modules, composite modules, blankets, bulks, and boards. It also offers rock wool boards, strips, panels for roofing, and board thin plastering for exterior wall fireproofing; rock wool for sandwich rock wool boards and curtain walls; and industrial rock wool boards. In addition, the company provides firebricks and mortars; microporous boards; monolithic modules; marine and offshore insulation materials; and ceramic wool, AES wool, polycrystalline wool, mineral wool, lightweight mullite brick, microporous insulation board, refractory fire brick, calcium silicate board, glass wool, and fiberglass products. The company was formerly known as Shandong Luyang Share Co., Ltd. and changed its name to Luyang Energy-Saving Materials Co., Ltd. in September 2015. Luyang Energy-Saving Materials Co., Ltd. was founded in 1984 and is based in Zibo, China. As of June 28, 2022, Luyang Energy-Saving Materials Co., Ltd. operates as a subsidiary of Unifrax Asia-Pacific Holding Limited.
Luyang Energy-Saving Materials Dividend Announcement
• Luyang Energy-Saving Materials announced a annually dividend of ¥0.80 per ordinary share which will be made payable on 2024-06-14. Ex dividend date: 2024-06-14
• Luyang Energy-Saving Materials annual dividend for 2024 was ¥0.80
• Luyang Energy-Saving Materials annual dividend for 2023 was ¥0.80
• Luyang Energy-Saving Materials's trailing twelve-month (TTM) dividend yield is 6.5%
• Luyang Energy-Saving Materials's payout ratio for the trailing twelve months (TTM) is 92.30%
• Luyang Energy-Saving Materials's dividend growth over the last five years (2018-2023) was 9.86% year
• Luyang Energy-Saving Materials's dividend growth over the last ten years (2013-2023) was 23.11% year
Luyang Energy-Saving Materials Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | ¥0.80 | annually | 2024-06-14 |
2023-06-12 | ¥0.80 | annually | 2023-06-12 |
2022-07-08 | ¥0.70 | annually | 2022-07-08 |
2021-05-26 | ¥0.85 | annually | 2021-05-26 |
2020-10-19 | ¥0.35 | annually | 2020-10-19 |
2020-06-17 | ¥0.30 | annually | 2020-06-17 |
2019-06-12 | ¥0.65 | annually | 2019-06-12 |
2018-06-01 | ¥0.50 | annually | 2018-06-01 |
2017-06-21 | ¥0.10 | annually | 2017-06-21 |
2016-07-13 | ¥0.10 | annually | |
2015-07-09 | ¥0.10 | annually | |
2014-06-17 | ¥0.10 | annually | |
2013-07-01 | ¥0.10 | annually |
Luyang Energy-Saving Materials Dividend per year
Luyang Energy-Saving Materials Dividend growth
Luyang Energy-Saving Materials Dividend Yield
Luyang Energy-Saving Materials current trailing twelve-month (TTM) dividend yield is 6.5%. Interested in purchasing Luyang Energy-Saving Materials stock? Use our calculator to estimate your expected dividend yield:
Luyang Energy-Saving Materials Financial Ratios
Luyang Energy-Saving Materials Dividend FAQ
Other factors to consider when evaluating Luyang Energy-Saving Materials 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: Luyang Energy-Saving Materials'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, Luyang Energy-Saving Materials 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, Luyang Energy-Saving Materials 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 Luyang Energy-Saving Materials 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: Luyang Energy-Saving Materials 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, Luyang Energy-Saving Materials distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Luyang Energy-Saving Materials 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 Luyang Energy-Saving Materials'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 Luyang Energy-Saving Materials'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.