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Niutech Environment Technology Corporation engages in the research and development, production, and sale of environment protection equipment worldwide. It offers tire to oil, plastic to oil, oil purification, CB processing, biomass pyrolysis, and oil sludge systems. The company is based in Jinan, China.

Niutech Environment Technology Dividend Announcement

Niutech Environment Technology announced a annually dividend of ¥0.09 per ordinary share which will be made payable on 2024-06-18. Ex dividend date: 2024-06-18
Niutech Environment Technology annual dividend for 2024 was ¥0.09
Niutech Environment Technology annual dividend for 2023 was ¥0.07
Niutech Environment Technology's trailing twelve-month (TTM) dividend yield is 0.63%
Niutech Environment Technology's payout ratio for the trailing twelve months (TTM) is 222.06%

Niutech Environment Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-18¥0.09annually2024-06-18
2023-06-07¥0.07annually2023-06-07
2021-08-05¥0.06annually2021-08-05

Niutech Environment Technology Dividend per year

Niutech Environment Technology Dividend Yield

Niutech Environment Technology current trailing twelve-month (TTM) dividend yield is 0.63%. Interested in purchasing Niutech Environment Technology stock? Use our calculator to estimate your expected dividend yield:

Niutech Environment Technology Financial Ratios

P/E ratio193.83
PEG ratio5.15
P/B ratio1.60
ROE0.82%
Payout ratio222.06%
Current ratio3.38
Quick ratio2.92
Cash Ratio1.14

Niutech Environment Technology Dividend FAQ

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