Ningbo Daye Garden Machinery Co.,Ltd. manufactures and sells garden power tools and garden watering products in China and internationally. It offers cordless garden tools, petrol lawnmowers, electric lawnmowers, electric grass trimmers, blower vacs, cultivators, snow throwers trimmers and brush cutters, and robotic mowers. The company was founded in 2006 and is based in Yuyao, China.
Ningbo Daye Garden Machinery Dividend Announcement
• Ningbo Daye Garden Machinery announced a annually dividend of ¥0.13 per ordinary share which will be made payable on 2022-06-29. Ex dividend date: 2022-06-29
• Ningbo Daye Garden Machinery's trailing twelve-month (TTM) dividend yield is -%
• Ningbo Daye Garden Machinery's payout ratio for the trailing twelve months (TTM) is -20.56%
Ningbo Daye Garden Machinery Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2022-06-29 | ¥0.13 | annually | 2022-06-29 |
| 2021-06-11 | ¥0.10 | annually | 2021-06-11 |
Ningbo Daye Garden Machinery Dividend per year
Ningbo Daye Garden Machinery Dividend Yield
Ningbo Daye Garden Machinery current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Ningbo Daye Garden Machinery stock? Use our calculator to estimate your expected dividend yield:
Ningbo Daye Garden Machinery Financial Ratios
P/E ratio-19.76
PEG ratio-0.67
P/B ratio2.69
ROE-14.94%
Payout ratio-20.56%
Current ratio0.95
Quick ratio0.64
Cash Ratio0.49
Ningbo Daye Garden Machinery Dividend FAQ
Does Ningbo Daye Garden Machinery stock pay dividends?
Ningbo Daye Garden Machinery does not currently pay dividends to its shareholders.
Has Ningbo Daye Garden Machinery ever paid a dividend?
No, Ningbo Daye Garden Machinery has no a history of paying dividends to its shareholders. Ningbo Daye Garden Machinery is not known for its dividend payments.
Why doesn't Ningbo Daye Garden Machinery pay dividends?
There are several potential reasons why Ningbo Daye Garden Machinery 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 Ningbo Daye Garden Machinery 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 Daye Garden Machinery 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 Daye Garden Machinery a dividend aristocrat?
Ningbo Daye Garden Machinery 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 Daye Garden Machinery a dividend king?
Ningbo Daye Garden Machinery 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 Daye Garden Machinery a dividend stock?
No, Ningbo Daye Garden Machinery 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 Daye Garden Machinery stocks?
To buy Ningbo Daye Garden Machinery 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 Daye Garden Machinery 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 Ningbo Daye Garden Machinery 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.