Lygend Resources & Technology Co., Ltd. engages in the production and trading of nickel products in China and internationally. The company's products include laterite ore, ferro-nickel, mixed hydroxide precipitate, nickel sulfate, cobalt sulfate, and other products. It also manufactures and sells equipment. The company was founded in 2009 and is headquartered in Ningbo, China.
Lygend Resources & Technology Dividend Announcement
• Lygend Resources & Technology announced a annually dividend of HK$0.22 per ordinary share which will be made payable on 2024-06-14. Ex dividend date: 2024-05-23
• Lygend Resources & Technology annual dividend for 2024 was HK$0.22
• Lygend Resources & Technology annual dividend for 2023 was HK$0.34
• Lygend Resources & Technology's trailing twelve-month (TTM) dividend yield is 2.92%
• Lygend Resources & Technology's payout ratio for the trailing twelve months (TTM) is 79.37%
Lygend Resources & Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-23 | HK$0.22 | annually | 2024-06-14 |
2023-01-13 | HK$0.34 | annually | 2023-02-28 |
Lygend Resources & Technology Dividend per year
Lygend Resources & Technology Dividend Yield
Lygend Resources & Technology current trailing twelve-month (TTM) dividend yield is 2.92%. Interested in purchasing Lygend Resources & Technology stock? Use our calculator to estimate your expected dividend yield:
Lygend Resources & Technology Financial Ratios
Lygend Resources & Technology 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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