Nanxing Machinery Co., Ltd. researches, develops, produces, sells, and services furniture machinery in China, Germany, the United States, Russia, the Middle East, rest of Asia, and internationally. The company offers front and rear feed panel dividing saw, precision panel saw, angular dividing saw, and sliding table saw; CNC nesting machines; single and double sided edge banders; CNC drilling and feed drilling machines; and CNC machines, such as door panel processing, single and dual working tables, and five axis machining center. It also provides automation equipment comprising feeders and stackers, turner equipment, and conveyor tables; and work station and line production machines. The company was formerly known as Nanxing Furniture Machinery & Equipment Co., Ltd. and changed its name to Nanxing Machinery Co., Ltd. in June 2016. Nanxing Machinery Co., Ltd. was founded in 1996 and is headquartered in Dongguan, China.
Nanxing Machinery Dividend Announcement
• Nanxing Machinery announced a semi annually dividend of ¥0.30 per ordinary share which will be made payable on 2024-08-28. Ex dividend date: 2024-08-28
• Nanxing Machinery annual dividend for 2024 was ¥0.50
• Nanxing Machinery annual dividend for 2023 was ¥0.90
• Nanxing Machinery's trailing twelve-month (TTM) dividend yield is 3.81%
• Nanxing Machinery's payout ratio for the trailing twelve months (TTM) is 232.23%
• Nanxing Machinery's dividend growth over the last five years (2018-2023) was 24.57% year
Nanxing Machinery Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-28 | ¥0.30 | semi annually | 2024-08-28 |
2024-05-28 | ¥0.20 | semi annually | 2024-05-28 |
2023-09-26 | ¥0.30 | semi annually | 2023-09-26 |
2023-06-06 | ¥0.60 | semi annually | 2023-06-06 |
2022-05-24 | ¥0.40 | semi annually | 2022-05-24 |
2021-05-31 | ¥0.30 | semi annually | 2021-05-31 |
2020-06-23 | ¥0.45 | semi annually | 2020-06-23 |
2019-06-18 | ¥0.50 | semi annually | 2019-06-18 |
2018-05-29 | ¥0.30 | semi annually | 2018-05-29 |
2017-06-12 | ¥0.10 | semi annually | 2017-06-12 |
2016-07-01 | ¥0.10 | semi annually |
Nanxing Machinery Dividend per year
Nanxing Machinery Dividend growth
Nanxing Machinery Dividend Yield
Nanxing Machinery current trailing twelve-month (TTM) dividend yield is 3.81%. Interested in purchasing Nanxing Machinery stock? Use our calculator to estimate your expected dividend yield:
Nanxing Machinery Financial Ratios
Nanxing Machinery Dividend FAQ
Other factors to consider when evaluating Nanxing Machinery 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: Nanxing Machinery'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, Nanxing Machinery 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, Nanxing Machinery 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 Nanxing Machinery 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: Nanxing Machinery 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, Nanxing Machinery distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nanxing Machinery 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 Nanxing Machinery'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 Nanxing Machinery'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.