Min Aik Precision Industrial Co., Ltd., an investment holding company, processes and manufactures electroplating of aluminum and copper products, precision stamping components, and electroless nickel plating products. The company offers precision stamping components, such as voice coil motor plates, disk clamps, balance weights, insert plates, bobbins, stiffeners, top covers, pins, etc. for use in hard disk drive applications. It also provides precision stamping components for use in mobile phones, tablets, LCD panels, projectors, fingerprint modules, and other related products; precision metal stamping parts to large-size aluminum sheets that is used in automotive industry; heat sinks, primarily copper based metal with various surface treatment conditions, such as sand blasting, nickel plating, silicon oxide, gold plating, etc. for use in high-end servers, communication devices, and consumer electronics; and other product applications, such as electronic shielding, as well as industrial equipment, sewing machine, medical equipment, and other related metal stamping parts. In addition, the company engages in the design, manufacture, sale, and after-sales service of medical injection, molding, and automatic machines. It operates in Taiwan, Malaysia, Singapore, China, the United States, Thailand, and internationally. The company was formerly known as Ming-En Color-Coating Co., Ltd. and changed its name to Min Aik Precision Industrial Co., Ltd. in September 2003. Min Aik Precision Industrial Co., Ltd. was incorporated in 2001 and is headquartered in Taoyuan, Taiwan.
Min Aik Precision Industrial Dividend Announcement
• Min Aik Precision Industrial announced a annually dividend of NT$1.00 per ordinary share which will be made payable on 2024-07-17. Ex dividend date: 2024-06-27
• Min Aik Precision Industrial annual dividend for 2024 was NT$1.00
• Min Aik Precision Industrial annual dividend for 2023 was NT$1.50
• Min Aik Precision Industrial's trailing twelve-month (TTM) dividend yield is 1.83%
• Min Aik Precision Industrial's dividend growth over the last five years (2018-2023) was 24.57% year
• Min Aik Precision Industrial's dividend growth over the last ten years (2013-2023) was 18.71% year
Min Aik Precision Industrial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-27 | NT$1.00 | annually | 2024-07-17 |
2023-07-26 | NT$1.50 | annually | 2023-08-23 |
2022-07-06 | NT$0.70 | annually | 2022-07-28 |
2021-08-02 | NT$0.55 | annually | 2021-08-20 |
2020-07-02 | NT$0.35 | annually | 2020-07-30 |
2019-07-04 | NT$0.35 | annually | 2019-08-02 |
2018-07-25 | NT$0.50 | annually | 2018-08-16 |
2017-08-24 | NT$2.25 | annually | 2017-09-15 |
2016-06-23 | NT$5.50 | annually | |
2015-08-12 | NT$5.64 | annually | |
2014-05-26 | NT$2.31 | annually | |
2013-07-04 | NT$0.27 | annually |
Min Aik Precision Industrial Dividend per year
Min Aik Precision Industrial Dividend growth
Min Aik Precision Industrial Dividend Yield
Min Aik Precision Industrial current trailing twelve-month (TTM) dividend yield is 1.83%. Interested in purchasing Min Aik Precision Industrial stock? Use our calculator to estimate your expected dividend yield:
Min Aik Precision Industrial Financial Ratios
Min Aik Precision Industrial Dividend FAQ
Other factors to consider when evaluating Min Aik Precision Industrial 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: Min Aik Precision Industrial'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, Min Aik Precision Industrial 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, Min Aik Precision Industrial 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 Min Aik Precision Industrial 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: Min Aik Precision Industrial 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, Min Aik Precision Industrial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Min Aik Precision Industrial 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 Min Aik Precision Industrial'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 Min Aik Precision Industrial'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.