Mayer Steel Pipe Corporation manufactures steel pipes and tubular products in Taiwan. It offers welded steel pipes for low pressure use; rigid steel conduits; carbon steel tubes for machine structural purposes; electric resistance welded carbon steel tubes for automobile structural purposes; and carbon steel square pipes for general structural purposes. The company also provides stainless steel pipes, such as boiler and heat exchanger tubes; stainless steel tubes for mechanical and structural purposes, and automobile exhaust; light gauge stainless steel pipes for ordinary piping; and general service tubes. In addition, it offers stainless steel plates and sheets; stainless steel surface processing and cutting services; and stainless steel paste protective films. Further, the company produces and markets various cast, polished, electroplated, and forged aluminum alloy automotive wheels in the United States, the European Union, Japan, and Southeast Asia. Its products are also used in air conditioning, fire protection, drainage, water supply, and electricity, as well as gas, structural, and hydraulic pipe applications. Mayer Steel Pipe Corporation was founded in 1959 and is headquartered in Taipei, Taiwan.
Mayer Steel Pipe Dividend Announcement
• Mayer Steel Pipe announced a annually dividend of NT$2.00 per ordinary share which will be made payable on 2024-07-05. Ex dividend date: 2024-06-12
• Mayer Steel Pipe annual dividend for 2024 was NT$2.00
• Mayer Steel Pipe annual dividend for 2023 was NT$1.00
• Mayer Steel Pipe's trailing twelve-month (TTM) dividend yield is 6.04%
• Mayer Steel Pipe's payout ratio for the trailing twelve months (TTM) is 16.92%
• Mayer Steel Pipe's dividend growth over the last five years (2018-2023) was -6.77% year
Mayer Steel Pipe Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-12 | NT$2.00 | annually | 2024-07-05 |
2023-06-13 | NT$1.00 | annually | 2023-07-06 |
2022-06-16 | NT$3.00 | annually | 2022-07-08 |
2021-06-10 | NT$1.70 | annually | 2021-07-07 |
2020-06-18 | NT$1.85 | annually | 2020-07-10 |
2019-07-12 | NT$1.40 | annually | 2019-08-06 |
2018-07-13 | NT$1.42 | annually | 2018-08-08 |
2017-07-13 | NT$0.80 | annually | 2017-08-08 |
2015-07-13 | NT$0.80 | annually | |
2014-07-24 | NT$0.51 | annually | |
2013-07-24 | NT$0.01 | annually | |
2011-08-05 | NT$0.74 | annually |
Mayer Steel Pipe Dividend per year
Mayer Steel Pipe Dividend growth
Mayer Steel Pipe Dividend Yield
Mayer Steel Pipe current trailing twelve-month (TTM) dividend yield is 6.04%. Interested in purchasing Mayer Steel Pipe stock? Use our calculator to estimate your expected dividend yield:
Mayer Steel Pipe Financial Ratios
Mayer Steel Pipe Dividend FAQ
Other factors to consider when evaluating Mayer Steel Pipe 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: Mayer Steel Pipe'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, Mayer Steel Pipe 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, Mayer Steel Pipe 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 Mayer Steel Pipe 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: Mayer Steel Pipe 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, Mayer Steel Pipe distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Mayer Steel Pipe 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 Mayer Steel Pipe'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 Mayer Steel Pipe'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.