Newtechwood Corp is engaged in research and development, production and sales of plastic-wood composite materials and their products. The company's products are made from recycled resources, such as recycled plastic films, plastic bottles, wood chips, etc.
NEWTECHWOOD CO Dividend Announcement
• NEWTECHWOOD CO announced a annually dividend of ¥0.19 per ordinary share which will be made payable on 2024-06-21. Ex dividend date: 2024-06-21
• NEWTECHWOOD CO annual dividend for 2024 was ¥0.19
• NEWTECHWOOD CO's trailing twelve-month (TTM) dividend yield is 0.83%
• NEWTECHWOOD CO's payout ratio for the trailing twelve months (TTM) is 69.85%
NEWTECHWOOD CO Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-06-21 | ¥0.19 | annually | 2024-06-21 |
NEWTECHWOOD CO Dividend per year
NEWTECHWOOD CO Dividend Yield
NEWTECHWOOD CO current trailing twelve-month (TTM) dividend yield is 0.83%. Interested in purchasing NEWTECHWOOD CO stock? Use our calculator to estimate your expected dividend yield:
NEWTECHWOOD CO Financial Ratios
P/E ratio47.00
PEG ratio0.46
P/B ratio3.08
ROE7.33%
Payout ratio69.85%
Current ratio1.76
Quick ratio1.15
Cash Ratio0.62
NEWTECHWOOD CO Dividend FAQ
Does NEWTECHWOOD CO stock pay dividends?
NEWTECHWOOD CO does not currently pay dividends to its shareholders.
Has NEWTECHWOOD CO ever paid a dividend?
No, NEWTECHWOOD CO has no a history of paying dividends to its shareholders. NEWTECHWOOD CO is not known for its dividend payments.
Why doesn't NEWTECHWOOD CO pay dividends?
There are several potential reasons why NEWTECHWOOD CO 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 NEWTECHWOOD CO 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 NEWTECHWOOD CO 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 NEWTECHWOOD CO a dividend aristocrat?
NEWTECHWOOD CO 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 NEWTECHWOOD CO a dividend king?
NEWTECHWOOD CO 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 NEWTECHWOOD CO a dividend stock?
No, NEWTECHWOOD CO 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 NEWTECHWOOD CO stocks?
To buy NEWTECHWOOD CO 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 NEWTECHWOOD CO 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 NEWTECHWOOD CO 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.