Ningbo Henghe Precision Industry Co.,Ltd. researches, develops, designs, manufactures, and sells precision molds, precision components, injection molding products, and metal parts in China. The company offers precision gears and gearboxes, precision structural parts, cooling fans, all-plastic tailgates, all-plastic engine covers, refueling door actuators, lightweight automotive interior and exterior parts, vacuum cleaners, electric irons, fabric washing machines, electric toothbrushes, beauty instruments, drone assemblies, fan components, hardware, automobile rear doors, engine compartment covers, fuel filler caps, front-end frames, and medical accessories. Its products are used in home appliances, automobiles, sanitary ware, electronics, and medical equipment. The company was formerly known as Ningbo Henghe Mould Co., Ltd. and changed its name to Ningbo Henghe Precision Industry Co.,Ltd. in May 2021. Ningbo Henghe Precision Industry Co.,Ltd. was founded in 1992 and is headquartered in Cixi, China.
Ningbo Henghe Precision Industry Dividend Announcement
• Ningbo Henghe Precision Industry announced a annually dividend of ¥0.08 per ordinary share which will be made payable on 2024-05-10. Ex dividend date: 2024-05-10
• Ningbo Henghe Precision Industry annual dividend for 2024 was ¥0.08
• Ningbo Henghe Precision Industry annual dividend for 2023 was ¥0.08
• Ningbo Henghe Precision Industry's trailing twelve-month (TTM) dividend yield is 0.65%
• Ningbo Henghe Precision Industry's payout ratio for the trailing twelve months (TTM) is 131.07%
• Ningbo Henghe Precision Industry's dividend growth over the last five years (2018-2023) was 20.88% year
Ningbo Henghe Precision Industry Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-10 | ¥0.08 | annually | 2024-05-10 |
2023-06-16 | ¥0.08 | annually | 2023-06-16 |
2022-06-16 | ¥0.08 | annually | 2022-06-16 |
2021-06-28 | ¥0.08 | annually | 2021-06-28 |
2020-07-09 | ¥0.04 | annually | 2020-07-09 |
2019-06-19 | ¥0.04 | annually | 2019-06-19 |
2018-05-29 | ¥0.03 | annually | 2018-05-29 |
2017-05-11 | ¥0.09 | annually | 2017-05-11 |
Ningbo Henghe Precision Industry Dividend per year
Ningbo Henghe Precision Industry Dividend growth
Ningbo Henghe Precision Industry Dividend Yield
Ningbo Henghe Precision Industry current trailing twelve-month (TTM) dividend yield is 0.65%. Interested in purchasing Ningbo Henghe Precision Industry stock? Use our calculator to estimate your expected dividend yield:
Ningbo Henghe Precision Industry Financial Ratios
Ningbo Henghe Precision Industry Dividend FAQ
Other factors to consider when evaluating Ningbo Henghe Precision Industry 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: Ningbo Henghe Precision Industry'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, Ningbo Henghe Precision Industry 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, Ningbo Henghe Precision Industry 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 Ningbo Henghe Precision Industry 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: Ningbo Henghe Precision Industry 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, Ningbo Henghe Precision Industry distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ningbo Henghe Precision Industry 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 Ningbo Henghe Precision Industry'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 Ningbo Henghe Precision Industry'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.