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Ningbo Changhong Polymer Scientific and Technical Inc. produces styrene-butadiene-styrene and styrene-ethylene-butadiene-styrene products in China. Its products are used in various industrial fields, such as shoes materials, asphalt modification, plastic modification, adhesive agents, medicines, health products, waterproofing materials, construction materials, plastic runway and bicycle tire, etc. The company was founded in 2012 and is based in Ningbo, China.

Ningbo Changhong Polymer Scientific and Technical Dividend Announcement

Ningbo Changhong Polymer Scientific and Technical announced a annually dividend of ¥0.31 per ordinary share which will be made payable on 2024-06-14. Ex dividend date: 2024-06-14
Ningbo Changhong Polymer Scientific and Technical annual dividend for 2024 was ¥0.31
Ningbo Changhong Polymer Scientific and Technical's trailing twelve-month (TTM) dividend yield is 2.44%
Ningbo Changhong Polymer Scientific and Technical's payout ratio for the trailing twelve months (TTM) is 264.61%

Ningbo Changhong Polymer Scientific and Technical Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-14¥0.31annually2024-06-14
2021-05-20¥0.25annually2021-05-20

Ningbo Changhong Polymer Scientific and Technical Dividend per year

Ningbo Changhong Polymer Scientific and Technical Dividend Yield

Ningbo Changhong Polymer Scientific and Technical current trailing twelve-month (TTM) dividend yield is 2.44%. Interested in purchasing Ningbo Changhong Polymer Scientific and Technical stock? Use our calculator to estimate your expected dividend yield:

Ningbo Changhong Polymer Scientific and Technical Financial Ratios

P/E ratio87.57
PEG ratio0.86
P/B ratio4.16
ROE4.64%
Payout ratio264.61%
Current ratio0.71
Quick ratio0.56
Cash Ratio0.20

Ningbo Changhong Polymer Scientific and Technical Dividend FAQ

Does Ningbo Changhong Polymer Scientific and Technical stock pay dividends?
Ningbo Changhong Polymer Scientific and Technical does not currently pay dividends to its shareholders.
Has Ningbo Changhong Polymer Scientific and Technical ever paid a dividend?
No, Ningbo Changhong Polymer Scientific and Technical has no a history of paying dividends to its shareholders. Ningbo Changhong Polymer Scientific and Technical is not known for its dividend payments.
Why doesn't Ningbo Changhong Polymer Scientific and Technical pay dividends?
There are several potential reasons why Ningbo Changhong Polymer Scientific and Technical 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.
Will Ningbo Changhong Polymer Scientific and Technical 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 Ningbo Changhong Polymer Scientific and Technical 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 Ningbo Changhong Polymer Scientific and Technical a dividend aristocrat?
Ningbo Changhong Polymer Scientific and Technical 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 Ningbo Changhong Polymer Scientific and Technical a dividend king?
Ningbo Changhong Polymer Scientific and Technical 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 Ningbo Changhong Polymer Scientific and Technical a dividend stock?
No, Ningbo Changhong Polymer Scientific and Technical 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 Ningbo Changhong Polymer Scientific and Technical stocks?
To buy Ningbo Changhong Polymer Scientific and Technical 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 Ningbo Changhong Polymer Scientific and Technical 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.