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Michang Oil Ind. Co., Ltd. engages in the petrochemical business in South Korea. It offers automotive lubricants, including motor, gasoline engine, diesel engine, gear, and automatic transmission oils, as well as other application oils; and transformer oils. The company also provides industrial lubricants, such as hydraulic, gear, turbine, and heat transfer oils; and rubber process oils, such as paraffin, naphthene, and aroma. In addition, it offers technical grade white oils; and white mineral oil consisting of food, cosmetic, and pharma grades. The company was founded in 1962 and is headquartered in Busan, South Korea.

Michang Oil Dividend Announcement

Michang Oil announced a annually dividend of ₩2800.00 per ordinary share which will be made payable on 2024-04-24. Ex dividend date: 2023-12-27
Michang Oil annual dividend for 2023 was ₩2800.00
Michang Oil's trailing twelve-month (TTM) dividend yield is 2.79%
Michang Oil's payout ratio for the trailing twelve months (TTM) is 6.70%
Michang Oil's dividend growth over the last five years (2018-2023) was 11.84% year
Michang Oil's dividend growth over the last ten years (2013-2023) was 3.95% year

Michang Oil Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-12-27₩2800.00annually2024-04-24
2022-12-28₩2500.00annually2023-04-21
2021-12-29₩2500.00annually2022-04-25
2020-12-29₩2100.00annually2021-04-26
2019-12-27₩2000.00annually2020-04-24
2018-12-27₩1600.00annually2019-04-25
2017-12-27₩1700.00annually2018-04-25
2016-12-28₩2200.00annually
2015-12-29₩2100.00annually
2014-12-29₩1800.00annually
2013-12-27₩1900.00annually
2012-12-27₩2300.00annually

Michang Oil Dividend per year

Michang Oil Dividend growth

Michang Oil Dividend Yield

Michang Oil current trailing twelve-month (TTM) dividend yield is 2.79%. Interested in purchasing Michang Oil stock? Use our calculator to estimate your expected dividend yield:

Michang Oil Financial Ratios

P/E ratio2.42
PEG ratio-0.04
P/B ratio0.38
ROE16.86%
Payout ratio6.70%
Current ratio4.12
Quick ratio3.55
Cash Ratio0.28

Michang Oil Dividend FAQ

How much is the next Michang Oil dividend?
Michang Oil's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Michang Oil dividend. The next Michang Oil dividend will be released in December.
When is Michang Oil dividend paid?
Michang Oil pays dividends on a annually basis. The specific dates may vary each year but are generally around December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Michang Oil pay?
The specific amount of Michang Oil dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Michang Oil's dividend history.
Does Michang Oil stock pay dividends?
Yes, Michang Oil does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Michang Oil's dividend history.
How much dividend does Michang Oil pay?
Michang Oil paid ₩0 in 2024, ₩2800 in 2023, ₩2500 in 2022, ₩2500 in 2021, and ₩2100 in 2020.
How often does Michang Oil pay dividends?
Michang Oil typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around December.
What is Michang Oil's dividend yield?
The current dividend yield for Michang Oil is 2.79%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Michang Oil's exact dividend yield.
When does Michang Oil go ex dividend?
Michang Oil's ex-dividend date for the latest dividend was on 2023-12-27. Michang Oil typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Michang Oil dividend paid?
Michang Oil pays dividends on a annually basis, typically around December, but the exact dates can vary each year.
Will Michang Oil increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Michang Oil will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Michang Oil dividend per share?
Michang Oil paid ₩0 per share in 2024 and ₩2800 per share in 2023. The amount of dividend per share that Michang Oil pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Michang Oil a dividend aristocrat?
No, 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 Michang Oil a dividend king?
No, 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 Michang Oil a dividend stock?
Yes, Michang Oil is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Michang Oil a good dividend stock?
Whether Michang Oil is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Michang Oil has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Michang Oil 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.
Does Michang Oil pay dividends monthly?
Michang Oil typically pays dividends on a annually basis.
Does Michang Oil pay dividends quarterly?
Michang Oil currently pays dividends on a annually basis.
Has Michang Oil ever paid a dividend?
Yes, Michang Oil has a history of paying dividends to its shareholders. Michang Oil is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Michang Oil dividend stocks?
To buy Michang Oil 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Michang Oil 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.
When does Michang Oil pay dividends 2024?
Michang Oil pays dividends on a annually basis. 2024 dividend payments are in 2024-04-24. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Michang Oil increase its dividend in 2024?
Decisions regarding Michang Oil dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Michang Oil dividend overview you can look into the above table of dividend history.
How Michang Oil dividend works?
The Michang Oil dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Michang Oil's dividend process works:

1. Determination of Dividend: Michang Oil'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, Michang Oil 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, Michang Oil 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 Michang Oil 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.
How are Michang Oil dividends paid?
Michang Oil dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Michang Oil 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, Michang Oil distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Michang Oil 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.
How many times does Michang Oil pay dividends?
Michang Oil typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Michang Oil pay dividends?
The general pattern is that Michang Oil pays dividends around December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Michang Oil dividend safe?
The safety of Michang Oil's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Michang Oil'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 Michang Oil'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.