Ningbo Orient Wires & Cables Co.,Ltd. designs, manufactures, installs, and services land and submarine cables worldwide. It offers AC and DC subsea, umbilical, dynamic subsea, dynamic, high and medium voltage, low voltage power, overhead insulated, aerial parallel cluster insulated, overhead line, coaxial, telecommunication and network, OPMC fiber composite medium voltage, instrumentation, low smoke, halogen-free flame retardant, fire-resistant, optical fiber composite medium voltage cable, control, variable frequency, charging pile, nuclear power plant, essential lysa-safe, and flexible mineral insulated fire proof cables, as well as cables for special purposes. The company also provides flame retardant and fire resistant, low-smoke and non-halogen flame retardant, and nylon wires; low smoke, halogen-free flame retardant, and fire-resistant cloth wires; and compensation wires for thermocouples. In addition, it offers offshore engineering services, including construction services, such as laying, installation, and transportation; testing and monitoring services for installed products; emergency repair services; and completion acceptance services. The company's products are used in smart power grid, petroleum, nuclear power plant, telecommunication, building, renewable wind farm, offshore oil and gas field, military, and railway industries. Ningbo Orient Wires & Cables Co.,Ltd. is headquartered in Ningbo, China.
Ningbo Orient Wires & Cables Dividend Announcement
• Ningbo Orient Wires & Cables announced a annually dividend of ¥0.45 per ordinary share which will be made payable on 2024-06-07. Ex dividend date: 2024-06-07
• Ningbo Orient Wires & Cables annual dividend for 2024 was ¥0.45
• Ningbo Orient Wires & Cables annual dividend for 2023 was ¥0.25
• Ningbo Orient Wires & Cables's trailing twelve-month (TTM) dividend yield is 0.78%
• Ningbo Orient Wires & Cables's payout ratio for the trailing twelve months (TTM) is 45.30%
• Ningbo Orient Wires & Cables's dividend growth over the last five years (2018-2023) was 33.03% year
Ningbo Orient Wires & Cables Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-07 | ¥0.45 | annually | 2024-06-07 |
2023-04-28 | ¥0.25 | annually | 2023-04-28 |
2022-05-20 | ¥0.35 | annually | 2022-05-20 |
2021-05-27 | ¥0.23 | annually | 2021-05-27 |
2020-05-22 | ¥0.13 | annually | 2020-05-22 |
2019-05-29 | ¥0.08 | annually | 2019-05-29 |
2018-05-29 | ¥0.06 | annually | 2018-05-29 |
2017-06-09 | ¥0.04 | annually | 2017-06-09 |
2016-05-31 | ¥0.03 | annually | |
2015-05-28 | ¥0.10 | annually |
Ningbo Orient Wires & Cables Dividend per year
Ningbo Orient Wires & Cables Dividend growth
Ningbo Orient Wires & Cables Dividend Yield
Ningbo Orient Wires & Cables current trailing twelve-month (TTM) dividend yield is 0.78%. Interested in purchasing Ningbo Orient Wires & Cables stock? Use our calculator to estimate your expected dividend yield:
Ningbo Orient Wires & Cables Financial Ratios
Ningbo Orient Wires & Cables Dividend FAQ
Other factors to consider when evaluating Ningbo Orient Wires & Cables 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 Orient Wires & Cables'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 Orient Wires & Cables 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 Orient Wires & Cables 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 Orient Wires & Cables 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 Orient Wires & Cables 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 Orient Wires & Cables 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 Orient Wires & Cables 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 Orient Wires & Cables'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 Orient Wires & Cables'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.