Ningbo Techmation Co.,Ltd. offers industrial automation solutions to the plastic machinery industry in China and internationally. It provides industrial automation products, including plastic machinery control systems, other control systems, intelligent controllers, etc.; and drive system products, which consists hydraulic servo systems, electric servo system assemblies, and other servo drives and inverters, as well as other related components. The company also offers Internet of Things software, such as the plastic machine network management system iNet, plastic processing information management cloud platform, and intelligent agricultural management system; and renewable new energy solutions. Ningbo Techmation Co.,Ltd. was founded in 1984 and is headquartered in Ningbo, China.
Ningbo Techmation Dividend Announcement
• Ningbo Techmation announced a annually dividend of ¥0.15 per ordinary share which will be made payable on 2024-06-05. Ex dividend date: 2024-06-05
• Ningbo Techmation annual dividend for 2024 was ¥0.15
• Ningbo Techmation annual dividend for 2023 was ¥0.05
• Ningbo Techmation's trailing twelve-month (TTM) dividend yield is 1.81%
• Ningbo Techmation's payout ratio for the trailing twelve months (TTM) is 89.61%
Ningbo Techmation Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-05 | ¥0.15 | annually | 2024-06-05 |
2023-06-15 | ¥0.05 | annually | 2023-06-15 |
2022-06-09 | ¥0.10 | annually | 2022-06-09 |
2021-06-29 | ¥0.10 | annually | 2021-06-29 |
2019-06-12 | ¥0.12 | annually | 2019-06-12 |
2018-06-05 | ¥0.18 | annually | 2018-06-05 |
2017-06-07 | ¥0.05 | annually | 2017-06-07 |
2016-06-22 | ¥0.10 | annually | |
2015-06-25 | ¥0.10 | annually |
Ningbo Techmation Dividend per year
Ningbo Techmation Dividend growth
Ningbo Techmation Dividend Yield
Ningbo Techmation current trailing twelve-month (TTM) dividend yield is 1.81%. Interested in purchasing Ningbo Techmation stock? Use our calculator to estimate your expected dividend yield:
Ningbo Techmation Financial Ratios
Ningbo Techmation Dividend FAQ
Other factors to consider when evaluating Ningbo Techmation 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 Techmation'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 Techmation 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 Techmation 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 Techmation 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 Techmation 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 Techmation 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 Techmation 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 Techmation'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 Techmation'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.