Nanjing Develop Advanced Manufacturing Co., Ltd. engages in the research and development, manufacture, and marketing of parts and components for oil and gas equipment. The company produces various components, including casing heads, tubing heads, spools, fracturing bump cylinders, BOPs, various pipeline valves, and others. Its products are used in a range of areas, such as surface wellhead, subsea, drilling, shale gas fracturing, high pressure fluid transportation, and other oil and gas fields. Nanjing Develop Advanced Manufacturing Co., Ltd. is based in Nanjing, China.
Nanjing Develop Advanced Manufacturing Dividend Announcement
• Nanjing Develop Advanced Manufacturing announced a annually dividend of ¥0.23 per ordinary share which will be made payable on 2024-06-18. Ex dividend date: 2024-06-18
• Nanjing Develop Advanced Manufacturing annual dividend for 2024 was ¥0.23
• Nanjing Develop Advanced Manufacturing annual dividend for 2023 was ¥0.16
• Nanjing Develop Advanced Manufacturing's trailing twelve-month (TTM) dividend yield is 1.58%
• Nanjing Develop Advanced Manufacturing's payout ratio for the trailing twelve months (TTM) is 60.75%
Nanjing Develop Advanced Manufacturing Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-18 | ¥0.23 | annually | 2024-06-18 |
2023-06-21 | ¥0.16 | annually | 2023-06-21 |
2021-05-24 | ¥0.16 | annually | 2021-05-24 |
Nanjing Develop Advanced Manufacturing Dividend per year
Nanjing Develop Advanced Manufacturing Dividend Yield
Nanjing Develop Advanced Manufacturing current trailing twelve-month (TTM) dividend yield is 1.58%. Interested in purchasing Nanjing Develop Advanced Manufacturing stock? Use our calculator to estimate your expected dividend yield:
Nanjing Develop Advanced Manufacturing Financial Ratios
Nanjing Develop Advanced Manufacturing 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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