Myoung Shin Industrial Co.,Ltd manufactures and sells automobile parts in South Korea. The company was founded in 1982 and is headquartered in Gyeongju, South Korea.
Myoung Shin Industrial Dividend Announcement
• Myoung Shin Industrial announced a annually dividend of ₩100.00 per ordinary share which will be made payable on . Ex dividend date: 2024-03-29
• Myoung Shin Industrial annual dividend for 2024 was ₩100.00
• Myoung Shin Industrial's trailing twelve-month (TTM) dividend yield is 0.74%
• Myoung Shin Industrial's payout ratio for the trailing twelve months (TTM) is 4.23%
Myoung Shin Industrial Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-03-29 | ₩100.00 | annually |
Myoung Shin Industrial Dividend per year
Myoung Shin Industrial Dividend Yield
Myoung Shin Industrial current trailing twelve-month (TTM) dividend yield is 0.74%. Interested in purchasing Myoung Shin Industrial stock? Use our calculator to estimate your expected dividend yield:
Myoung Shin Industrial Financial Ratios
P/E ratio5.82
PEG ratio0.23
P/B ratio1.16
ROE22.03%
Payout ratio4.23%
Current ratio2.11
Quick ratio1.66
Cash Ratio0.87
Myoung Shin Industrial Dividend FAQ
Does Myoung Shin Industrial stock pay dividends?
Myoung Shin Industrial does not currently pay dividends to its shareholders.
Has Myoung Shin Industrial ever paid a dividend?
No, Myoung Shin Industrial has no a history of paying dividends to its shareholders. Myoung Shin Industrial is not known for its dividend payments.
Why doesn't Myoung Shin Industrial pay dividends?
There are several potential reasons why Myoung Shin Industrial would choose not to pay dividends to their shareholders:
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.
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.
Will Myoung Shin Industrial ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Myoung Shin Industrial has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Myoung Shin Industrial a dividend aristocrat?
Myoung Shin Industrial is not considered a Dividend Aristocrat. 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 Myoung Shin Industrial a dividend king?
Myoung Shin Industrial is not classified as a "Dividend King". 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 Myoung Shin Industrial a dividend stock?
No, Myoung Shin Industrial is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Myoung Shin Industrial stocks?
To buy Myoung Shin Industrial 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 and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy Myoung Shin Industrial 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.
Place an order: Use the brokerage's trading platform to place an order to buy Myoung Shin Industrial 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.