Nanjing Well Pharmaceutical Group Co.,Ltd. focuses on the research and development, production, and sale of pharmaceutical auxiliary materials in China. Its pharmaceutical materials include excipients for injectables and non-injectables. The company also provides synthetic base oils, such as hydraulic fluids, lubricity additives for metals, metal quenching, base fluids and lubricity additives, synthetic base for compress lubricants, synthetic base oil for gear, base oil of chain lubricants, base stock of engine oil, base stock of heat transfer oil, and base oil of grease; and other products, including painting and coating, textile chemicals, field chemicals, and low foam metal cleaners. It also exports its products to Europe, the United States, Southeast Asia, and internationally. The company was formerly known as Nanjing Well Pharmaceutical Co.,Ltd. and changed its name to Nanjing Well Pharmaceutical Group Co.,Ltd. in April 2020. The company was founded in 2000 and is based in Nanjing, China.
Nanjing Well Pharmaceutical Dividend Announcement
• Nanjing Well Pharmaceutical announced a annually dividend of ¥0.30 per ordinary share which will be made payable on 2024-06-13. Ex dividend date: 2024-06-13
• Nanjing Well Pharmaceutical annual dividend for 2024 was ¥0.30
• Nanjing Well Pharmaceutical annual dividend for 2023 was ¥0.28
• Nanjing Well Pharmaceutical's trailing twelve-month (TTM) dividend yield is 1.26%
• Nanjing Well Pharmaceutical's payout ratio for the trailing twelve months (TTM) is 60.45%
Nanjing Well Pharmaceutical Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-13 | ¥0.30 | annually | 2024-06-13 |
2023-06-08 | ¥0.28 | annually | 2023-06-08 |
2022-06-13 | ¥0.30 | annually | 2022-06-13 |
2021-05-25 | ¥0.30 | annually | 2021-05-25 |
2020-05-27 | ¥0.45 | annually | 2020-05-27 |
2019-05-28 | ¥0.60 | annually | 2019-05-28 |
Nanjing Well Pharmaceutical Dividend per year
Nanjing Well Pharmaceutical Dividend growth
Nanjing Well Pharmaceutical Dividend Yield
Nanjing Well Pharmaceutical current trailing twelve-month (TTM) dividend yield is 1.26%. Interested in purchasing Nanjing Well Pharmaceutical stock? Use our calculator to estimate your expected dividend yield:
Nanjing Well Pharmaceutical Financial Ratios
Nanjing Well Pharmaceutical Dividend FAQ
Other factors to consider when evaluating Nanjing Well Pharmaceutical 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: Nanjing Well Pharmaceutical'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, Nanjing Well Pharmaceutical 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, Nanjing Well Pharmaceutical 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 Nanjing Well Pharmaceutical 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: Nanjing Well Pharmaceutical 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, Nanjing Well Pharmaceutical distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nanjing Well Pharmaceutical 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 Nanjing Well Pharmaceutical'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 Nanjing Well Pharmaceutical'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.